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).

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.

2. 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.

Article 2. Effect

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

2. Provisions on scope of regulations, fee payers, fee collectors, fee rates, declaration, remittance and other relevant regulations that are not prescribed in this Circular shall comply with the Circular No. 150/2016/TT-BTC.

3. Any problem arising in the course of implementation should be promptly reported to the Ministry of Finance for consideration and additional guidance.

 

 

FOR  THE MINISTER

THE DEPUTY MINISTER

 

 

 

 

 

Vu Thi Mai

 

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