Many type of audit and inspection fees were adjusted to decrease

VCN – Over the past year (from 10/2017 to 8/2018), the Ministry of Finance has chaired and coordinated with the specialized management ministries to work out a plan of adjusting for reducing the rate inspection and audit fees. Also the Ministry has issued 14 circulars on reduction of charge and fee levels.
tin nhap 20181108082900
The charge for inspection and audit has been adjusted by the Ministry of Finance in coordination with the specialized management ministries toward the direction of reducing costs for enterprises. Photo: N.Linh

In that, the procedure for granting and extending confirmation of eligibility for occupational health and safety training has the lowest rate of adjustment fees, which was 4.7 %; the highest rate of adjustment fees which was 90%, was the procedure for repairing and conserving cable works (from $US 500,000 to $US 50,000)

Specifically, there are 45 procedures in 29 areas that have been adjusted to reduce fees and charges. The number of procedures with fee rate reducing less than 20% is 27 procedures; The number of procedures adjusted to reduce fees and charges rate from 20% to 50% is 11 procedures; The number of procedures adjusted to reduce over 50% is 7 procedures.

Notably, the Ministry of Finance also coordinates with the specialized management ministries to abolish fees and charges for a variety of procedures such as the fee for appraising the granting of permits for import of pharmaceuticals and traditional medicines (200,000 VND/month); to abolish the fee for evaluating the dossier of application for a drug introducer card (200,000 VND/dossier); to abolish the fee for evaluation of granting permits for production or trading of chemicals on the list of restriction in production, operating business in the industry (1.2 million VND /permit); to abolish fees for appraising and approval of prevention and tackling to chemical incident (8,000,000 VND/dossier); to abolish fee for granting of licenses for export and import of industrial precursor substance (newly granting: 200,000 VND /permit, extension: 100,000 VND/permit).

Furthermore, supplementing the subject for exempting from charging of some procedures; Change the tax calculation method for a procedure in order to reduce the rate of fees and charges.

Earlier, in the Annoucement No. 50/TB-VPCP dated 5/2/2018 of the Government’s Office, the steering committee of the Deputy Prime Minister Vuong Dinh Hue assigned the Ministry of Finance to co-ordinate with the ministries. To review and adjust the charge rates on inspection and examination for a number of goods and domains toward the direction of reducing costs for enterprises.

By N.Linh/Thanh Thuy

Related News

Information on the proposal to remove the VAT exemption for low-value goods

Information on the proposal to remove the VAT exemption for low-value goods

VCN - According to the Ministry of Finance, through the process of research and study related to goods sent via express delivery services and e-commerce, it is known that recently some countries have begun to research and implement VAT collection for low-value goods.
Ministry of Finance directs to strengthen fight against smuggling, trade fraud and tax evasion

Ministry of Finance directs to strengthen fight against smuggling, trade fraud and tax evasion

VCN - The Ministry of Finance's Steering Committee 389 has just directed the General Department of Customs, the General Department of Taxation and the Ministry of Finance Inspectorate to strengthen the fight against smuggling, trade fraud and tax evasion.
Amending the law to unblock and effectively use public property

Amending the law to unblock and effectively use public property

VCN - Amending and supplementing the Law on Management and Use of Public Property will strengthen decentralization, simplify administrative procedures, increase initiative and self-responsibility for grassroots units to perform assigned tasks. Along with that, decentralization will be linked with increased inspection and supervision by competent agencies.
Customs sector strives to improve the quality and efficiency of public service implementation

Customs sector strives to improve the quality and efficiency of public service implementation

VCN - The Customs sector strives to complete the integration of online public services eligible for connection under the management of General Department of Vietnam Customs to the Public Service Portal and the Electronic Single Window Information System of the Ministry of Finance.

Latest News

Chile officially issues electronic C/O form VC from November 1, 2024

Chile officially issues electronic C/O form VC from November 1, 2024

VCN - The General Department of Customs has just sent a notice to the local customs departments related to electronic Certificate of Origin (C/O) in the Vietnam - Chile Free Trade Agreement (FTA)
Adding tax exemption conditions in the draft revised Law on Corporate Income Tax

Adding tax exemption conditions in the draft revised Law on Corporate Income Tax

VCN - Practice has raised the need to amend and supplement the Law on Corporate Income Tax (CIT) to suit the development of the domestic and foreign economy and society. According to the assessment, the completion of the draft Law on Corporate Income Tax will move towards a more favorable business environment, encourage investment and sustainable development as well as meet the goals set for CIT reform.
Increasing penalties to reduce violations in independent auditing

Increasing penalties to reduce violations in independent auditing

VCN - After 12 years of implementation, the Law on Independent Auditing has provided an important legal framework for the enforcement of policies and the transparent disclosure of financial reports by businesses. However, one limitation is that the penalties are not strong enough to ensure deterrence.
Amending the Law to create the best conditions for state-owned enterprises

Amending the Law to create the best conditions for state-owned enterprises

VCN - So far, more than a dozen seminars and discussions have been held to solicit opinions on the draft Law on Management and Investment of State Capital in Enterprises. This is a complex bill, with a large impact and many issues to be discussed, it has attracted great attention from management agencies for the sustainable development of the state-owned enterprise (SOE) sector.

More News

Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

VCN - The Government suggests that it is necessary to develop regulations on special consumption tax that adhere to the principle of promoting production and business, economic development and meet the requirements of protecting the environment and people's health.
Alcohol and beer are subject to special consumption tax

Alcohol and beer are subject to special consumption tax

VCN - According to the provisions of the Law on Special Consumption Tax, alcohol and beer are subject to special consumption tax.
It is necessary to clarify principles for applying the list of food safety inspection items

It is necessary to clarify principles for applying the list of food safety inspection items

VCN - Commenting on the draft Decision on the list of imported goods (with HS codes) subject to specialized inspection in the field of food safety under the management responsibility of the Ministry of Industry and Trade, the Ministry of Finance proposed to supplement the principles for applying the list to ensure clarity, transparency, and avoid arising problems.
Legal basis for tax collection, payment and management for foreign enterprises

Legal basis for tax collection, payment and management for foreign enterprises

VCN - The Draft Law on Corporate Income Tax (CIT) has amended and supplemented regulations on taxpayers to contribute to improving policy transparency, facilitating tax management; ensuring a solid legal basis for tax collection, payment and management for foreign enterprises in accordance with international practices.
Handling tax debts for imported goods under the type of processing

Handling tax debts for imported goods under the type of processing

VCN - The General Department of Vietnam Customs has just guided the Dong Nai Customs Department to resolve difficulties in handling tax debts for imported goods under the type of processing type, export production and investment which subjected to tax exemption.
Procedures on declaration registration and processing taxes for enterprises that have been shutdown

Procedures on declaration registration and processing taxes for enterprises that have been shutdown

VCN - In response to the request of Hammar Vietnam Co., Ltd. regarding the case of a company that has temporarily suspended operations or gone missing as confirmed by tax authority, the General Department of Vietnam Customs has responded and provided specific instructions.
Unify the way of handling administrative violations for imported vehicles

Unify the way of handling administrative violations for imported vehicles

VCN - The General Department of Vietnam Customs requests local Customs Departments; the Anti-Smuggling and Investigation Department; and the Post-Clearance Audit Department to review records and unify the way of handling administrative violations in specific cases related to imported vehicles according to their authority.
Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references

Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references

VCN - In order to improve management efficiency, Vietnam Customs can refer to the experience of fuel management on exit and entry transport vehicles of some international Customs agencies such as Singapore, China, and Canada.
Fuels containing in vehicles on entry and exit: Issues raised in the management of Customs agencies

Fuels containing in vehicles on entry and exit: Issues raised in the management of Customs agencies

VCN - The Vietnam Customs has effectively implemented tax laws, but the management of fuel on means of transport, specialized machinery, and equipment (collectively referred to as means of transport) under temporary import and re-export (TIE) procedures when there is an exit and entry (E&E) activity poses numerous challenges. To ensure efficiency, a research team from Ba Ria - Vung Tau Customs Department has conducted a study titled: "Solutions to enhance the effectiveness of state management on customs for fuel on means of transport, temporarily exported and re-imported machinery and equipment when there is an E&E activity, aiming to improve customs management for this activity.
Read More

Your care

Latest Most read
Chile officially issues electronic C/O form VC from November 1, 2024

Chile officially issues electronic C/O form VC from November 1, 2024

VCN - The General Department of Customs has just sent a notice to the local customs departments related to electronic Certificate of Origin (C/O) in the Vietnam - Chile Free Trade Agreement (FTA)
Adding tax exemption conditions in the draft revised Law on Corporate Income Tax

Adding tax exemption conditions in the draft revised Law on Corporate Income Tax

VCN - Practice has raised the need to amend and supplement the Law on Corporate Income Tax (CIT) to suit the development of the domestic and foreign economy and society. According to the assessment, the completion of the draft Law on Corporate Income Tax
Increasing penalties to reduce violations in independent auditing

Increasing penalties to reduce violations in independent auditing

VCN - According to data from the Ministry of Finance, Vietnam currently has around 2,400 practicing auditors who are certified to perform audit services, with over 220 audit firms certified to provide these services.
Amending the Law to create the best conditions for state-owned enterprises

Amending the Law to create the best conditions for state-owned enterprises

VCN - The Draft Law on State Capital Management and Investment in Enterprises was approved in principle at the 9th Session (May 2025), will be submitted to the National Assembly for the first comments at the 8th Session (October 2024) and is expected to t
Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

VCN - The Government suggests that it is necessary to develop regulations on special consumption tax that adhere to the principle of promoting production and business, economic development and meet the requirements of protecting the environment and people
Mobile Version