DEADLINE FOR DECLARATION AND PAYMENT OF LICENSING FEES
AS OF SEPTEMBER 01, 2020, THE ENTERPRISES SHALL PUBLISH INFORMATION BEFORE THE BOND ISSUE AT LEAST THREE (03) WORKING DAYS
29/09/2020
GUIDING THE OFFSETTING OF CORPORATE INCOME TAX FOR THE ENTERPRISE ENGAGED IN RELATED-PARTY TRANSACTIONS
30/09/2020DEADLINE FOR DECLARATION AND PAYMENT OF LICENSING FEES
Pursuant to Circular No. 65/2020/TT-BTC issued by Ministry of Finance on July 09, 2020 and coming into effect from August 23, 2020:
– Accordingly, Circular No. 65/2020/TT-BTC stipulates the declaration and payment of license fees as follows:
(i) Deadline for paying license fees is every January 30;
(ii) Upon the end of the period of exemption from the license fee (from the fourth year from the date of establishment), the small and medium-sized enterprises (SMEs) transformed from a household business (including its branches, representative offices and/or business locations) shall pay the license fee as follows:
- Deadline for paying license fees is July 30 if its exemption period ends in the first 6 months of the year;
- Deadline for paying license fees is January 30 of the following year if its exemption period ends in the last 6 months of the year.
(iii) A household business, an individual or a group of individuals engaging in production/business that resumes its production/business after a suspension period shall pay the license fee as follows:
- Deadline for paying license fees is July 30 if it resumes its production/business in the first 6 months of the year;
- Deadline for paying license fees is January 30 of the following year if it resumes its production/business in the last 6 months of the year.
Best regards,
