Significant policies in effect from mid-September 2019

1. Reduction in enterprise registration fee to 50,000 dong/application

This is the new provision of the Circular No. 47/2019/TT-BTC regarding collection rates, regime for collection, payment, management and use of fee for providing corporate information and enterprise registration fee.

The Circular prescribes the rate of fee for enterprise registration (e.g. new registration, reissuance or change in enterprise registration certificates, etc.) is cut from 100,000 dong/application as prescribed in existing regulations to 50,000 dong/application.

In addition, the fee for public disclosure of enterprise registration contents is reduced to 100,000 dong/application, instead of 300,000 dong/application prescribed in current regulations.

Fees for provision of corporate information, including provision of information inscribed on enterprise registration certificates, certificates of operation of branches or representative offices, etc., are kept unchanged as prescribed in current regulations.

Circular No. 47/2019/TT-BTC will enter into force from September 20, 2019, repealing the Circular No. 215/2016/TT-BTC dated November 10, 2016 and the Circular No. 130/2017/TT-BTC dated December 4, 2017.

2. Pay schedule of state records officers in force from September 20, 2019

Circular No. 10/2019/TT-BNV providing guidance on pay grading for state records officers enters into force from September 20, 2019.

The Circular prescribes the Pay Schedule No. 2 (professional pay schedule of public cadres and servants of state regulatory agencies) annexed to the Decree No. 204/2004/ND-CP is applied to different ranks of state records officers referred to in Circular No. 14/2014/TT-BNV dated October 31, 2014, specifically including: 

-  Pay scales of those classified into the rank of principal records officer (code 02.006) are subject to the pay schedule of class-A2 public officers (group No.1);

-  Pay scales of those classified into the rank of records officer (code 02.007) are subject to the pay schedule of class-A1 public officers;

-  Pay scales of those classified into the rank of intermediate-level records officer (code 02.008) are subject to the pay schedule of class-B public officers.

If a public officer is recruited to hold an office subject to requirements of intermediate-level records officers, but holds at least an associate degree, he/she may be appointed to such rank and paid salaries according to the pay schedule of class-B public officers.  

3. Instructions about closing dates for collection of data of periodic reports made by the State Bank

Circular No. 09/2019/TT-NHNN on SBV’s periodic reporting regime specifies closing dates for collection of data shown on periodic reports as follows:

- Monthly reports: From the 15th of the preceding month to the 14th of the reporting month.

- Quarterly reports: From the 15th of the month preceding the reporting period to the 14th of the last month of the reporting quarter.

- 6-month reports:

+ Closing dates for collection of data in 6 first months of the reporting year range from the 15th of December of the year preceding the reporting period to the 14th of June in the reporting period.

+ Closing dates for collection of data in 6 last months of the reporting year range from the 15th of June to the 14th of December in the reporting period.

- Yearly reports: From the 15th of December of the year preceding the reporting period to the 14th of December in the reporting period.

- With respect to reports whose data are not collected by the aforesaid closing dates, units making decisions on the reporting regime may choose closing dates closest to those in respective reporting periods and must ensure reports are submitted by prescribed deadlines.

Circular No. 09/2019/TT-NHNN enters into force on September 16, 2019.

4. 2 cases of eligibility for refund of fees for grant of mining rights    

Decree No. 67/2019/ND-CP on methods of calculation and rate of fees for grant of mining rights sets out regulations on 2 cases in which fees for grant of mining rights are refunded, including:

- In case of giving back the entire mine, fees for granting mining rights that entities and persons have already paid with respect to reserves of ores stated in mining designs but yet to be extracted or extracted according to instalment of payment of fees for grant of mining rights will be refunded.  

- If state regulatory bodies make decisions on revocation of mining licenses as prescribed in point d of clause 1 of Article 58 in the Law on Minerals, entities and persons will be refunded fees for grant of mining rights as provided in laws on tax administration.

Decree No. 67/2019/ND-CP is set to enter into force on September 15, 2019.

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