Decree 139/2016/ND-CP amended by Decree 22/2020/ND-CP of the Government stipulating license fee exemption for organizations and individuals engaged in production and trading of goods and services.
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Specifically, Decree 139/2016/ND-CP amended by Decree 22/2020/ND-CP stipulates cases where license fees are exempted, including:
- Individuals, groups of individuals, households engaged in production and business activities with annual revenue of 100 million VND or less;
- Individuals, groups of individuals, and households with irregular production and business activities; does not have a fixed location according to instructions from the Ministry of Finance;
- Individuals, groups of individuals, and households producing salt;
- Organizations, individuals, groups of individuals, households that farm and catch fish and seafood and provide fisheries logistics services;
- Commune cultural post office; press agencies (print press, audio press, visual press, electronic press);
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- Cooperatives and unions of cooperatives (including branches, representative offices, and business locations) operating in the agricultural sector according to the provisions of law on agricultural cooperatives;
- People's Credit Fund; branches, representative offices, business locations of cooperatives, cooperative unions and private enterprises doing business in mountainous areas. Mountainous areas are determined according to the regulations of the Committee for Ethnic Minorities.
Thus, individuals, groups of individuals, and households engaged in production and business activities with annual revenue of 100 million VND or less will be exempted from license fees in the same cases mentioned above according to Decree 139/2016. /ND-CP amended by Decree 22/2020/ND-CP.
Decree 139/2016/ND-CP takes effect from January 1, 2017.
Decree 22/2020/ND-CP takes effect from February 25, 2020.
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