The deadline for paying annual license fees

Deadline for paying license fees:

• The deadline to pay license fees is January 30 every year.
• For organizations that have just started their business, they shall pay the license fee no later than the last day of the month.
• If the enterprise is newly established but does not do business, the license fee shall be declared within 30 days from the date of being issued the business registration certificate or the investment registration certificate. (Note: When an enterprise is established without the start date of operation, the date of commencement of operation is considered the date on the business registration certificate regardless of actual occurrence or not).
• In case individuals, groups of individuals, or households that just start a business pay flat tax, the deadline for paying license fees is the last day of the month following the month in which license tax arises.

Declaring license fees:

• Newly established organizations and enterprises shall declare the license fee once and not later than the last day of the month of commencement of production and business activities.
• If in the year the organization or enterprise changes its charter capital or changes the number of branches that increase / decrease the amount of license fees, the license fee declaration must be submitted no later than December 31 of the year of change.
• Individuals, groups of individuals, and households that lease real estate shall declare a one-time license fee according to each lease contract.
• In case the real estate lease contract lasts for many years, the license fee shall be paid each year corresponding to the time limit for declaration and payment of value added tax and personal income tax.
• Individuals, groups of individuals and business households that pay flat tax are not required to declare license fees.

Levels of licensing fees:

• Organizations and enterprises with charter capital or investment capital of over 10 billion VND shall pay the license fee of 3,000,000 VND / year;
• Organizations and enterprises with charter capital or investment capital of 10 billion VND or less shall pay license fees of 2,000,000 VND / year;
• Branches, representative offices, business locations, non-business units, other economic organizations pay a license fee of 1,000,000 VND / year.
• Individuals, groups of individuals, and households with turnover of over 500 million VND / year pay a license fee of 1,000,000 VND / year;
• Individuals, groups of individuals, and households with turnover of over 300 to 500 million VND / year shall pay license fees of 500,000 VND / year;
• Individuals, groups of individuals, and households with revenues from over 100 to 300 million VND / year pay a license fee of 300,000 VND / year.
• Individuals, groups of individuals and households that change their turnover, the basis for determining the license fee rate is the personal income taxable turnover of the year preceding the year the license fee calculation year is calculated.
• Individuals, groups of individuals and households that have just started a business in the year, the revenue level used as a basis for determining the rate of license fee is the revenue of the taxable year in accordance with the law on personal income tax .
• Organizations, individuals, groups of individuals, production and business households or newly established, and granted tax registration and tax identification numbers and enterprise identification numbers within the first 6 months of the year, shall pay the fee rate. license all year; If established, granted tax registration and tax identification number, business code within the last 6 months of the year, 50% of the annual license fee is paid.
• Organizations, individuals, groups of individuals, and households that do business but do not declare license fees must pay license fees for the whole year, irrespective of the time of discovery as of the first 6 months of the year. or the last 6 months of the year.
• Organizations, individuals, groups of individuals, households that are doing business and having a notice to the tax authority of business suspension for the whole calendar year are not required to pay the license fee of the year of business suspension. joint. In case the business is suspended for the entire calendar year, the annual license fee must still be paid.

Cases in which license fees are not required to declare and pay:

• Individuals, groups of individuals and households engaged in production and business activities with annual turnover of VND 100 million or less are not required to declare and pay license fees.
• Individuals, groups of individuals and households that do irregular production and business activities; There is no fixed place of business. including individuals being cooperative members and cooperatives that have paid license fees as prescribed for cooperatives; individuals directly signing lottery agent contracts, insurance agents, selling agents at the right prices, shall withhold tax at source; individuals doing business with organizations in accordance with the law on personal income tax.

Need more advice, please contact Hotline Tasco Tax Consulting Company: 0975480868 or 085.486.2446 or email: mylinh.tasco@gmail.com or also comment below.