LICENSING FEE FOR ESTABLISHING FOREIGN ADVERTISING ENTERPRISE’S REPRESENTATIVE OFFICES
In accordance with the Circular No. 66/2014/TT-BTC dated May 20, 2014 of the Ministry of Finance Prescribing rates, collection and remittance of the licensing fee for establishment of Vietnam-based representative offices of foreign advertising enterprises.
Rates of the licensing fee for establishment of Vietnam-based representative offices of foreign advertising enterprises are VND 3,000,000 for a new license; VND 1,500,000 for a re-granted or modified license: VND 1,500,000. The licensing fee for establishment of Vietnam-based representative offices of foreign advertising enterprises shall be collected in Vietnam dong.
Fee-collecting agencies shall remit 100% (one hundred percent) of the total collected fee amount into the state budget according to the corresponding chapter, item and sub-item of the current state budget index. Spending related to the licensing of establishment of Vietnam-based representative offices of foreign advertising enterprises shall be allocated from the state budget according to approved annual estimates.