What is the license fee?

Accounting News The license fee is a direct tax and is usually a quota levied on business licenses (licenses) of businesses and business households. The starting point of this tax was formerly known as the industrial and trade tax and was renamed the license tax in 1996

Registered capital (billion VND) Annual post fee tax (VND)
Over 10 billion VND 3,000,000 won
Over 5 to 10 billion VND 2,000,000 won
From 2 to under 5 billion VND 1,500,000 won
Under 2 billion VND 1 million

– If an organization changes its charter capital or investment capital, the basis for determining the license fee rate is Authorized capital or investment capital of the preceding year license fee year.

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– In case the charter capital or investment capital stated in the business registration certificate or investment registration certificate is in a foreign currency, it shall be converted into Vietnamese dong as a basis for determining the license fee rate. at the buying rate of the commercial bank or credit institution where the license fee payer opens an account at the time the license fee payer pays into the state budget.

2. Some notes when calculating license fees:

– If the taxpayer established within the first 6 months of the year: The license fee to be paid is for the whole year

– If the taxpayer is established in the last 6 months of the year (from July 1 to the end of the year): License fee to be paid: 50% of the annual rate. (1/2 year)

– If the taxpayer does not declare the license fee, it must pay the license fee for the whole year, regardless of the time of discovery in the first 6 months of the year or the last 6 months of the year.

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3. Households that pay license fees based on average monthly income:

– According to Decree No. 75/2002/ND-CP of the Government: Regulations on adjusting license fees and guiding circulars, Business households must register to pay license fees according to regulations. 06 levels as follows:

Monthly income (VND) Annual license fee (VND)
Over 1,500,000 VND 1 million
From 1,000,000 to 1,500,000 VND 750,000 won
From 750,000 to 1,000,000 VND 500,000 won
From 500,000 to 750,000 VND 300,000 won
From 300,000 to 500,000 VND 100,000 won
Under 300,000 50,000 won

– If an individual, group of individuals, or household changes in revenue, the basis for determining the license fee rate is: revenue of the immediately preceding year license fee year. Note

Most businesses pay and pay temporary CIT, monthly and yearly VAT according to regulations, but one thing is: very often forget to pay the annual license fee. This is a natural mistake and results in very heavy tax evasion penalties.

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4. License fee rates for 2017 and later:

a. License fees for individuals and households:

Average annual revenue License fee for the whole year
Revenue over 500 million VND/year 1,000,000 VND/year
Revenue over 300 to 500 million VND/year 500,000 VND/year
Revenue over 100 to 300 million VND/year 300,000 VND/year.

b. License fees for businesses:

Charter capital or investment capital License fee for the whole year
Over 10 billion VND 3,000,000 VND/year
From 10 billion VND or less 2,000,000 VND/year
Branches, representative offices, business locations, non-business units, other economic organizations 1,000,000 VND/year

? Accounting website: www.webgiaidap.com

? Or call center of Hanoi Accountant 1900 6246



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