Ministry proposes reducing 50% of various fees and charges

The ministry recently drafted and collected opinions on a circular stipulating the fee and charge rates to support the people and businesses.

Accordingly, in the securities sector, the new fees will be reduced by 50% compared to the prescribed rates in accordance with the fee schedule in the securities sector as stipulated in Circular No. 25/2022/TT-BTC, which governs the collection, payment, management, and use of fees in the securities sector. 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 for international and domestic travel service business, the new fees will be equal to 50% of the previous fee rates prescribed in Circular No.33/2018/TT-BTC, which stipulates the fee, payment, and management of appraisal fees for granting licenses in this field. This also applies to the appraisal fees for issuing tour guide cards and granting licenses to establish representative offices in Vietnam for foreign businesses providing travel services.

The registration (confirmation) fees for using foreign barcodes will be reduced by half compared to the previous rates stated in Circular No. 232/2016/TT-BTC, which governs the fee collection, payment, management, and use of fees for the grant of barcodes.

Meanwhile, industrial property fees and charges will be halved compared to the prescribed fee rates in Section A of the fee schedule for industrial property fees as stipulated 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 fire protection and firefighting designs; issuing citizen identification cards; and fees related to animal husbandry.