Decree sets out business fee structure
Organisations dealing in production and business activities, with a charter or investment capital of more than VND10 billion (US$444,440), must pay a business fee of VND3 million per year.
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The decree requires organisations with a charter or investment capital of less than 10 billion VND to pay a fee of 2 million VND per year.
For branches and representative offices of the organisations, or non-productive units, the annual fee is 1 million VND.
The decree states that individuals and households involved in production and business activities generating annual revenues of more than 500 million VND must pay a fee of 1 million VND per year.
Individuals and households with annual revenues of 300 million VND to 500 million VND, are subject to a fee of 500,000 VND per year.
Those with annual revenues of 100 million VND to 300 million VND will pay 300,000 VND per year.
All fees will be cut in half if the organisations, individuals and households are granted tax or business registration codes during the second half of the year.
The decree stipulates that individuals and households with annual revenues of 100 million VND or less will not be charged any fees.
Individuals and households engaging in irregular production and business activities, or those producing salt, will also be exempt from paying fees.
Other groups exempt from paying fees include: organisations, individuals and households cultivating and catching seafood, or providing fishery logistics services; press agencies; and cooperatives dealing in agricultural production services.
