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Things to know about the enterprise establishment license fees

Things to know about the enterprise establishment license fees

Friday 15, 05 2020
The enterprise establishment license fees are applied by the State in lieu of the previous license taxes.

This regulation is based on Decree 139/2016/ND-CP on license fees of the Government as follows:

The license fee rates

​1.1. The license fee rates for organizations (including companies and enterprises) engaging in goods and service production and trading activities are as follows:

  1. For organizations with a charter capital or investment capital of over 10 billion VND, the rate is 3,000,000 VND / year;

  2. For organizations with a charter capital or investment capital of 10 billion VND or less. The rate is 2,000,000 VND / year;

  3. For branches, representative offices, business locations, non-business units, and other economic organizations, the rate is 1,000,000 VND / year.

The license fee rates for organizations specified at Points a and b of this Clause are based on the charter capital stated in the business registration certificate; In case there is no charter capital, it will be based on the investment capital stated in the investment registration certificate.

1.2. The license fee rates for individuals and households engaged in goods and service production and trading activities are as follows:

  1. For individuals, groups of individuals, and households with a revenue of over 500 million VND /year, the rate is 1,000,000 VND /year;

  2. For individuals, groups of individuals, and households with a revenue of between over 300 and 500 million VND / year, the rate is 500,000 VND / year;

  3. For individuals, groups of individuals, and households with a revenue of between over 100 and 300 million VND / year, the rate is 300,000 VND / year.

1.3. Organizations, individuals, groups of individuals, production or business households or newly established businesses which have been granted tax registration, tax identification numbers, and business identification numbers during the first 6 months of the year, shall pay the license fees for the whole year; If they have been established and granted tax registration, tax identification numbers, and business identification numbers during the second half of the year shall pay 50% of the license fee for the whole year.

Organizations, individuals, groups of individuals, and households that have not declared their license fees must pay the license fees for the whole year, regardless of the time of the discovery.

License fees submission

2.1. Submission deadlines

  1. For newly established enterprises, the deadline is not later than the last day of the month in which the production and business activities begin.

  2. For operating enterprises, the deadline for paying license fees is 30th January every year.

2.2. Accounting under the new subsection is as follows:

  • The license fee level 1 for businesses that must pay the license fee of 3,000,000 VND / year and business households which must pay the license fee of 1,000,000 VND / year: Accounting sub-section 2862.

  • The license fee level 2 for businesses that must pay a license fee of 2,000,000 VND / year and business households which must pay a license fee of 500,000 VND / year: Accounting sub-section 2863.

  • The license fee level 3 for businesses that must pay a license fee of 1,000,000 VND / year and business households must pay a license fee of 300,000 VND / year: Accounting subsection 2864.

Things to know about the enterprise establishment license fees

Cases of exemption and reduction

Enterprises established after 30th June only have to pay 50% of the license fee for the whole year.

Enterprises suspending business for the whole year are not required to pay the license fees of the year of business suspension. However, in the case of temporary cessation of business, the annual licensing fee must still be paid.

License fees declaration

4.1. Newly-established enterprises

The deadline for declaration is the last day of the month in which business and production activities begin.

4.2. Operating enterprises

There is no requirement to declare unless there are changes to factors that function as bases for determining the required license fees.

​>> Business establishment requirements in 2020

Source: https://vietluat.vn/le-phi-mon-bai-ke-khai-va-nop-ngan-sach-nha-nuoc-nhu-the-nao.html

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Business

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