I. Legal basis

Decree 139/2016/ND-CP

Circular 302/2016/TT-BTC

II. Concept of business license fee

Business license tax, also known as business license fee, is a type of tax that businesses and individuals doing business must pay annually to the State. The purpose of this tax is to record the business activities of organizations and individuals. The level of business license tax often depends on the scale and type of business, specifically the charter capital or revenue.

III. Subjects of business license fee

Business license fee payers are organizations and individuals engaged in production and business activities of goods and services, including:

1. Enterprises established in accordance with the provisions of law.
2. Organizations established under the Law on Cooperatives.
3. Public service units established in accordance with the provisions of law.
4. Economic organizations of political organizations, socio-political organizations, social organizations, socio-professional organizations, and people’s armed forces units.
5. Other organizations engaged in production and business activities.
6. Branches, representative offices and business locations of organizations specified in Clauses 1, 2, 3, 4 and 5 of this Article (if any).
7. Individuals, groups of individuals, and households engaged in production and business activities.

IV. Cases subject to payment of business license fees

1. Newly established enterprises

Enterprises must pay business license fees when registering for establishment for the first time. This business license fee is an annual fee and must be paid immediately after the enterprise is granted a Business Registration Certificate.

2. When there is a change in operations

If the enterprise has changes such as increasing charter capital, changing the form of operation, or changing the business name, it may be necessary to pay additional or adjusted business license fees.

3. Annually

Enterprises must pay annual business license fees at the beginning of the fiscal year. The deadline for paying business license fees is January 30 of each year.

4. When a business dissolves or ceases operations

In case a business dissolves or ceases operations, the business must make a settlement of the business license fee.

V. Business license fee payment level

1. For organizations producing and trading goods and services

Organizations with charter capital of over 10 billion have a business license fee payment level of 3,000,000 VND/year

Organizations with charter capital of less than 10 billion have a business license fee payment level of 2,000,000 VND/year

Branch offices, representative offices, business locations, public service units and other economic organizations have a business license fee payment level of 1,000,000 VND/year.

2. For individuals and business households

Individuals, groups of individuals or households with revenue of over 500,000,000 VND/year have a business license fee payment level of 1,000,000 VND/year.

Individuals, groups of individuals or households with revenue from 300,000,000 to 500,000,000 VND/year have to pay a business license fee of 500,000 VND/year.

Individuals, groups of individuals or households with revenue from 100,000,000 to 300,000,000 VND/year have to pay a business license fee of 300,000 VND/year.

VI. About Us, Hankuk Law Firm

■ Hankuk Law Firm – Introduction

The goal of the legal services provided by HANKUK LAW FIRM is to support businesses, investors, and people. Our organization employs skilled Korean lawyers, partners, and professionals to provide legal services to businesses related to corporations and litigation.

To support the startup process, our lawyers and staff provide a wide range of services, including business law consulting, tax and immigration law consulting, real estate services, business consulting, marketing and communications, human resources, product distribution, franchise options, etc. We provide expert advice on every aspect of your business needs.

To protect the legitimate rights and interests of our clients and achieve the best results, we provide legal advice and participate in civil lawsuits related to business, labor, marriage, family, and inheritance.

■ Contact us now

For reliable and effective legal advice, please contact HANKUK LAW FIRM now. We are committed to providing you with the best possible answers and our team of experienced lawyers has extensive knowledge in many legal fields. We are always here to provide the most competent and dedicated support, whether you are dealing with contractual issues, commercial disputes or need guidance on foreign investment. HANKUK LAW FIRM is honored to have assisted hundreds of domestic and international clients in skillfully resolving complex legal issues as their trusted legal partner. Do not let legal issues hinder your success. Let us accompany you towards legal achievement and comfort. For prompt guidance and support to ensure your rights are always maintained at the highest standards, contact HANKUK LAW FIRM now.

■ Contact Hankuk Law Firm

Website: http://hankuklawfirm.com/en/  Facebook: https://www.facebook.com/hankuk.lawfirm  Tiktok: https://www.tiktok.com/@opineslang  Youtube: https://www.youtube.com/@hankuklawfirm6375 Email:  info@hankuklawfirm.com   Telephone: (English) 0369.77.11.46