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.
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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

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