What essential expenses are reduced from mid-December?

Up to 50% discount on fire prevention and fighting equipment inspection fees

Effective from December 11, 2017, Circular 112/2017/TT-BTC issued by the Ministry of Finance amends and supplements Circular 227/2016/TT-BTC regulating the collection rates, collection, payment, management and use of fees for inspection of fire prevention and fighting equipment. Many fee levels will be adjusted down.

In particular, the inspection fee for fireproof paint and fireproof impregnation is reduced by 50%, from 800,000 VND/kg to 400,000 VND/kg. The inspection fee for fireproof doors is reduced from 700,000 VND/set to 500,000 VND/set; the inspection fee for fireproof materials is reduced from 700,000 VND/m2 to 400,000 VND/m2...

Reduced fees for appraisal of business registration for labor safety inspection services

From December 11, 2017, Circular 110/2017/TT-BTC on amending the business registration appraisal fee (BRO) in occupational safety technical inspection activities; occupational safety and hygiene training in Circular 245/2016/TT-BTC will come into effect.

Accordingly, the fee for assessing the registration of occupational safety technical inspection services is reduced, specifically as follows: New issuance and extension of certificates of eligibility for occupational safety technical inspection activities is reduced from 16 million VND to 15 million VND. Re-issuance of certificates of eligibility for occupational safety technical inspection activities when adding additional fields of operation is reduced from 5.5 million VND to 5 million VND.

In addition, in case of appraisal of business registration for occupational safety and hygiene training services performed by the Ministry of Labor, War Invalids and Social Affairs, the fee for granting and extending certificates of eligibility for occupational safety and hygiene training activities will be reduced from VND 21.5 million to VND 20.5 million; Re-issuance when adding additional fields of operation, certificates of eligibility for occupational safety and hygiene training activities will be reduced from VND 7 million to VND 6.5 million.

Reduced fees for notarization of contracts for the sale of auctioned assets

This is the highlight of Circular 111/2017/TT-BTC of the Ministry of Finance (effective from December 11, 2017) amending Circular 257/2016/TT-BTC on collection rates, collection, payment, management and use of notary fees and certification fees.

Accordingly, the fee for notarization of auctioned property sale and purchase contracts (calculated on the value of the sold property) will be reduced compared to current regulations, specifically as follows: Property valued under VND 5 billion: reduced from VND 100,000 to VND 90,000/case; Property valued from VND 5 billion to under VND 20 billion: reduced from VND 300,000 to VND 270,000/case; Property valued over VND 20 billion: reduced from VND 500,000 to VND 450,000/case.

The fee for notarization of economic, commercial, and investment contracts; land use right lease contracts, housing lease contracts; property lease and sublease contracts, etc., continues to be maintained according to the provisions of Circular 257.

Reduce some fees for registering secured transactions

From December 11, 2017, Circular 113/2017/TT-BTC amending and supplementing Circular 202/2016/TT-BTC regulating the collection rates, collection, payment, management and use of fees in the field of secured transaction registration will come into effect.

Accordingly, some fees for registering secured transactions using movable property (except aircraft and ships) will be reduced by the Ministry of Finance compared to the current collection level, specifically as follows: Registration of documents notifying the handling of secured assets will be only 30 thousand VND/file (current collection level is 70 thousand VND/file). For the activity of issuing copies of documents certifying the content of secured transaction registration, it will be 25 thousand VND/case (current collection level is 30 thousand VND/case).

According to Baophapluat.vn