Circular 33/2020/TT-BTC fees for issuance of licenses for establishment of banks

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ATTRIBUTE

Circular No. 33/2020/TT-BTC dated May 05, 2020 of the Ministry of Finance on providing for fees for issuance of licenses for establishment and operation of banks and non-bank credit institutions and the remittance thereof
Issuing body: Ministry of FinanceEffective date:
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Official number:33/2020/TT-BTCSigner:Vu Thi Mai
Type:CircularExpiry date:
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Issuing date:05/05/2020Effect status:
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Fields:Finance - Banking , Tax - Fee - Charge

SUMMARY

To reduce 50% of fees for issuance of bank establishment license from May 05 until December 31

The Ministry of Finance issues the Circular No. 33/2020/TT-BTC on providing for fees for issuance of licenses for establishment and operation of banks and non-bank credit institutions and the remittance thereof on May 05, 2020.

To be specific: Organizations granted bank and/or non-bank credit institution establishment and operation licenses by the competent State agency shall remit fees as follows:

From May 05, 2020 until the end of December 31, 2020, the fee rates to be remitted are equal 50% of the fee rates specified in Points a and b, Section 1 of the fee Schedule as prescribed in Clause 1, Article 4 of the Circular No. 150/2016/TT-BTC.

Concurrently, during the effective time of this Circular, the fee rates for issuance of licenses for establishment and operation of banks and non-bank credit institutions as prescribed in Clause 1, Article 4 of the Circular No. 150/2016/TT-BTC shall not be applied.

From January 01, 2021, the fee rates for issuance of licenses for establishment and operation of banks and non-bank credit institutions as prescribed in Clause 1, Article 4 of the Circular No. 150/2016/TT-BTC shall be applied as before.

This Circular takes effect from May 05, 2020, until the end of December 31, 2020.

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Effect status: Known

THE MINISTRY OF FINANCE
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No. 33/2020/TT-BTC

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

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Hanoi, May 05, 2020


 

CIRCULAR

On providing for fees for issuance of licenses for establishment and operation of banks and non-bank credit institutions and the remittance thereof

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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 on defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

At the proposal of the Director of the Tax Policy Department;

The Minister of the Finance hereby promulgates the Circular on providing for fees for issuance of licenses for establishment and operation of banks and non-bank credit institutions and the remittance thereof.

 

Article 1. Fees for issuance of licenses for establishment and operation of banks and non-bank credit institutions and the remittance thereof

Organizations granted bank and/or non-bank credit institution establishment and operation licenses by the competent State agency shall remit fees as follows:

1. From May 05, 2020 until the end of December 31, 2020, the fee rates to be remitted are equal 50% of the fee rates specified in Points a and b, Section 1 of the fee Schedule as prescribed in Clause 1, Article 4 of the Minister of Finance’s Circular No. 150/2016/TT-BTC dated October 14, 2016 on providing for fees for issuance of license for establishment and operation of credit institutions; license for establishment of foreign banks’ branches, representative offices of foreign credit institutions or other foreign organizations having banking activities; license for provision of intermediary payment services by non-bank institutions, and the collection and transfer thereof (hereinafter referred to as the Circular No. 150/2016/TT-BTC).

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