On June 28, the Ministry of Finance issued Circular No. 43/2024/TT-BTC regulating the collection rates of a number of fees and charges to continue to remove difficulties and support production and business activities.

Accordingly, the Circular stipulates that from July 1, 2024 to December 31, 2024, the collection rates of some fees and charges are prescribed as follows:

50% reduction in fees for granting licenses to establish and operate banks (the collection rate is equal to 50% of the fee collection rate prescribed in Point a, Section 1, Fee Collection Rate Schedule in Clause 1, Article 4 of Circular No. 150/2016/TT-BTC stipulating the collection rate, collection and payment regime for fees for granting licenses to establish and operate credit institutions; licenses to establish foreign bank branches, representative offices of foreign credit institutions, other foreign organizations with banking activities; licenses to provide intermediary payment services to non-bank organizations).

50% reduction for: Citizen identification card issuance fee; Fee for issuance of license for establishment and operation of non-bank credit institutions; Fee for filing application for intellectual property protection; Fee for issuance of certificate of practice of industrial property representative, announcement, registration of industrial property representative; Fee for appraisal of content of non-business documents for issuance of publishing license; Fee for issuance of license for import of non-business publications; Fee for registration of import of publications for business purposes...

In addition, 50% reduction for: Appraisal fee for approving fire prevention and fighting design; Fee for granting License to operate sending workers to work abroad for a limited period; Industrial property fee; Fee for using railway infrastructure; Appraisal fee for granting International travel service business license, Domestic travel service business license; Appraisal fee for granting tour guide card...

In this Circular, the Ministry of Finance also reduces by 10-30% many fees and charges, such as: Fees for appraisal of certificates, licenses, and certifications in civil aviation activities; granting permits to enter and exit restricted areas at airports; Fees for entering and exiting airports for foreign flights to Vietnamese airports; Customs fees for foreign flights to Vietnamese airports.

For the securities sector, 50% reduction in fees and charges in the securities sector (except for 2 fees and charges: Fees for new issuance, exchange, re-issuance of securities practice certificates (certificates) for individuals practicing securities at securities companies, securities investment fund management companies and securities investment companies and fees for supervision of securities activities...

From January 1, 2025 onwards, the collection rates of fees and charges specified in the above Table shall comply with the provisions of the original Circulars, Circular No. 63/2023/TT-BTC and amended, supplemented or replaced Circulars (if any).

This Circular takes effect from July 1, 2024 to December 31, 2024.

This is the fourth time under its authority that the Ministry has issued a Circular stipulating a reduction in fees and charges from 10% to 50%. The expected impact on the budget revenue reduction is about 700 billion VND.

Over the past 4 years, the Ministry of Finance has focused on implementing drastic and synchronous fiscal policy solutions, which have had a positive impact in supporting businesses and people to stabilize production and business, return people's lives to normal, contributing to stabilizing the macro-economy, creating favorable conditions to promote economic recovery and growth.