Continues to propose to reduce agricultural fees

VCN- The Ministry of Finance has sent 3 Official Letter for consultation on reducing some types of fees.   
continues to propose to reduce agricultural fees Propose to reduce a series of fees and charges
continues to propose to reduce agricultural fees Exemption from nationality fees, civil status fees and residence registration fees
continues to propose to reduce agricultural fees Expenditure for environmental protection is higher than the revenue from environmental protection fees
continues to propose to reduce agricultural fees
The Ministry of Finance proposes to reduce from 10% to 201% of protective fee rate for forestry plant.

According to the Ministry of Finance, on August 9, 2017, the Government issued Decree 75/ND-CP on monthly Government meeting for June 2017, in which assigning the Ministry to collaborate with ministries, sectors, localities and units which are providing public service and collecting fees to synchronously reduce fees related to business’s cost and submit to competent agency for decision or promulgation under its competency.

Implementing Resolution No.75 and basing on the Law on fee and charge, the Ministry of Finance has issued draft revised Circular 2017/2016/TT-BTC regulating the rate, collection, submission, management and use of the fees and charges in the field of cultivation and forestry plant.

Specifically, the draft Circular regulates that reducing from 10% to 20% of each protective fee rate for forestry plant.

In addition, the Ministry of Finance has issued draft revised Circular No. 279/2016/TT-BTC regulating the rate, collection, submission, management, and use of the fees for food hygiene and safety.

Accordingly, the draft Circular regulates that reducing from 10% to 83% of fee rate for verification of business conditions in the field of food safety, fee for evaluating contents of film scripts, program on tapes, discs, software and other materials and documents in advertising of food, food additives and processing aids in medical field.

The Ministry also proposed to revise Circular No.284/2016/TT-BTC of the Ministry of Finance regulating the rate, collection, submission, management, and use of the fees and charges in quality management of aquaculture supplies.

continues to propose to reduce agricultural fees Domestic revenues are relatively high thanks to land revenues and fees

VCN- According to the General Department of Taxation, the progress of budget estimation in the first 4 ...

Especially, the draft Circular regulates that reducing 0.5% of fee rate for granting a certificate of imported aquaculture supplies and 5.66% of fee rate for granting a certificate of circulation of aquaculture supplies and products for registration or renewal.

Previously, the Ministry consulted about 6 circulars on fee and charge in the field of veterinary, food safety and quality management, verification of means of fire prevention and fighting and verification of technical safety standards and etc to reduce the cost for business.

By Hong Van/Ngoc Loan

Related News

MoF proposes support policies on taxes and fees in 2023

MoF proposes support policies on taxes and fees in 2023

VCN – Deputy Minister of Finance Nguyen Duc Chi said that the Ministry of Finance has proposed support policies on taxes and fees for enterprises and people in 2023 similar to the policies implemented in 2022.
Ambitious revenue targets of 35 local customs departments adjusted

Ambitious revenue targets of 35 local customs departments adjusted

VCN - The General Department of Vietnam Customs revises the ambitious revenue target for 35 municipal and provincial customs departments.
Ministry proposes fee reductions to support transport sector

Ministry proposes fee reductions to support transport sector

The Ministry of Finance (MoF) is drafting a proposal to reduce fees by 20 to 50% for four transport types to help the sector recover.
Studying, guiding implementation of new policies on microinsurance

Studying, guiding implementation of new policies on microinsurance

VCN - The Ministry of Finance should continue to study and guide the implementation of new policies on microinsurance; improve the performance of non-budget state financial funds.

Latest News

Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion, equaling 30.9% of the estimate, up 5.3% over the same period in 2022.
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.

More News

In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
Consider raising the level of penalties to ensure fairness and transparency in the stock market

Consider raising the level of penalties to ensure fairness and transparency in the stock market

VCN - Mr Pham Hong Son, Vice Chairman of the State Securities Commission, discussed solutions to improve the capacity, improve fairness and transparency of the stock market.
Central bank cuts policy interest rates to spur growth

Central bank cuts policy interest rates to spur growth

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.
Ensure policies to attract investment when implementing global minimum tax

Ensure policies to attract investment when implementing global minimum tax

VCN - On the afternoon of March 30, in Hanoi, the Ministry of Finance held a regular press conference in the first quarter of 2023, chaired by Deputy Minister of Finance Nguyen Duc Chi. Many issues related to the tax field were discussed and answered at the conference.
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

The State Bank of Vietnam (SBV) has suggested the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.
Solutions to attract FDI when implementing the global minimum CIT

Solutions to attract FDI when implementing the global minimum CIT

VCN - On March 29, the Vietnam International Arbitration Center (VIAC) and the Center for International Integration, the Ho Chi Minh City Institute for Development Studies, jointly held a seminar on Global Minimum Corporate Tax – outlook and challenges in attracting foreign investment (FDI) in Ho Chi Minh City.
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

VCN – The promulgation of Vietnam's Decree on Vietnam's special preferential import tariff to implement the Vietnam-Cuba Trade Agreement for 2022-2027 creates a stable and open legal framework, facilitates import and export activities, brings expected great benefits to the business community of the two sides, promote two-way trade turnover and develop Vietnam-Cuba trade relations.
Being many "hot" issues at the general meeting of shareholders of banks

Being many "hot" issues at the general meeting of shareholders of banks

VCN - International Commercial Joint Stock Bank (VIB) will be the first bank to hold a general meeting of shareholders this week, and then April will be the "peak" for banks to deploy.
Bringing the policies on reducing land rent and water surface rent into life

Bringing the policies on reducing land rent and water surface rent into life

VCN - The tax sector is drastically implementing dissemination and support to make the policy of reducing land rent and water surface rent in 2022 fully effective.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion,
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
Mobile Version