Ministry proposes reducing 50% of various fees and charges
The Ministry of Finance has proposed reducing by 10% to 50% of fees and charges in the securities sector, fees for appraisal of licenses for international travel service business, and for issuance of citizen identification cards from July 1 to December 31, 2023.
Hanoi (VNA) - The Ministry of Finance has proposed reducingby 10% to 50% of fees and charges in the securities sector, fees for appraisalof licenses for international travel service business, and for issuance ofcitizen identification cards from July 1 to December 31, 2023.
The ministry recently drafted and collected opinions on acircular stipulating the fee and charge rates to support the people andbusinesses.
Accordingly, in the securities sector, the new fees will bereduced by 50% compared to the prescribed rates in accordance with the fee schedulein the securities sector as stipulated in Circular No. 25/2022/TT-BTC, whichgoverns the collection, payment, management, and use of fees in the securitiessector. This excludes fees for securities activity supervision and fees for issuance, renewal, and re-issuance of certificates for individual securities practitioners at securities companies, investment fund management companies, and securities investment companies.
For the appraisal fees for granting licenses forinternational and domestic travel service business, the new fees will be equalto 50% of the previous fee rates prescribed in Circular No.33/2018/TT-BTC, whichstipulates the fee, payment, and management of appraisal fees for grantinglicenses in this field. This also applies to the appraisal fees for issuingtour guide cards and granting licenses to establish representative offices inVietnam for foreign businesses providing travel services.
Illustrative image (Photo: tapchitaichinh.vn)
The registration (confirmation) fees for using foreign barcodes will bereduced by half compared to the previous rates stated in Circular No. 232/2016/TT-BTC, whichgoverns the fee collection, payment, management, and use of fees for the grantof barcodes.
Meanwhile, industrial property fees and charges will be halved comparedto the prescribedfee rates in Section A of the fee schedule for industrial property fees asstipulated in Circular No. 263/2016/TT-BTC on the collection, payment,management, and use of industrial property fees and charges.
Additionally, several other fees and charges have been proposed to be halved,including those for granting licenses for sending labourers abroad for working under contracts; appraising and approving fireprotection and firefighting designs; issuing citizen identification cards; and feesrelated to animal husbandry./.
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Illustrative image (Photo: vietnamnet.vn) 
Illustrative image (Photo: tapchitaichinh.vn) 
