Circular 12/2021/TT-BTC rates, declaration, charges payment in railway
50% reduction in charge rates for use of railway infrastructure until the end of 2021
On February 08, 2021, the Ministry of Finance issues the Circular No. 12/2021/TT-BTC on prescribing the rates, declaration and payment of charges for use of railway infrastructure.
During the duration of from February 08, 2021 until the end of December 31, 2021, the collection rates of charges for use of railway infrastructure shall be equal to 4% of the railway transport business turnover. According to regulations specified in the Circular No. 295/2016/TT-BTC the charge rates shall be 8%.
From January 01, 2022 onwards, charges for use of railway infrastructure shall comply with the Circular No. 295/2016/TT-BTC dated November 15, 2016 of the Ministry of Finance prescribing the rates, collection and remittance of charges for use of railway infrastructure.
This Circular takes effect from February 08, 2021, until the end of December 31, 2021.
For further details of the Circular 12/2021/TT-BTC, Click here
translation of the Official Gazette of the Vietnam News Agency
THE MINISTRY OF FINANCE
THE SOCIALIST REPUBLIC OF VIETNAM
Hanoi, February 08, 2021
On prescribing the rates, declaration and payment of charges for use of railway infrastructure
Pursuant to the Law on Charges and Fees dated November 25, 2015;
Pursuant to the Government’s Decree No. 87/2017/ND-CP dated July 26, 2017, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
Implementing the Resolution No. 124/2020/QH14 dated November 11, 2020 of the National Assembly on the socio-economic development plan for 2021;