Circular No. 77/2012/TT-BTC dated May 16, 2012 of the Ministry of Finance prescribing rates and the regime of collection, remittance, management and use of appraisal charge for goods and services subject to business restriction; appraisal charge for goods and services subject to conditional commercial business; fee for grant of business eligibility certificates; fee for grant of commercial business licenses and fee for grant of licenses for establishment of goods exchanges

INCREASING APPRAISAL FEE TO VND 1.2 MILLION FOR GOODS, COMMERCIAL SERVICES

On May 16, 2012, the Ministry of Finance issued the Circular No. 77/2012/TT-BTC Detailing the charge and fee level, the regime of collection, remittance, management and use of the appraisal fee for goods and services subject to business restrictions; the appraisal fee for goods and services subject to conditional business; fee for granting the certificate of satisfaction of conditions for business; fee for granting business license operating in the commercial field and fee for granting the establishment license of the Goods Exchange.

Specifically, in the centrally-run cities and provincial- run cities and towns, The appraisal fee level for goods and commercial services subject to business restrictions is 1,200,000 VND / business location for each appraisal time (instead of the fee level 300,000 VND as before); The fee level for granting the certificate of satisfaction of conditions for business; business license operating in the commercial field, the establishment license of the Goods Exchange is 200,000 VND / paper / time (increase by 150,000 VND compared with the previous regulations)/ In other areas, the feel level is equal to 50 percent of the fee level in the centrally-run cities and provincial- run cities and towns.

All collected fees including fee for granting the certificate of satisfaction of conditions for business, business license operating in the commercial field, fee for the establishment license of the Goods Exchange shall belong to the State budget. The fee-collecting organizations must remit promptly the full collected amounts into the State budget. In cases of authorized collection, the organizations authorized to collect fees may retain 50% of the collected fee amounts to cover the fee-collection expenses and must remit the remainder (50 percent) into the State budget.