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New policy in Vietnam: Exemption and reduction of evaluation fees for postal activities

16:06 | 20/04/2020

On April 14, 2020, the Ministry of Finance issued Circular No. 25/2020/TT-BTC on the collection, remittance, management and use of evaluation fees for postal activities.

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new policy in vietnam exemption and reduction of evaluation fees for postal activities
(Photo: Bao phap luat)

On April 14, 2020, the Ministry of Finance issued Circular No. 25/2020/TT-BTC amending and supplementing Circular 291/2016/TT-BTC on the collection, remittance, management and use of evaluation fees and postal operating conditions. It abolished and adjusted some types of field fees.

Circular No. 25/2020/TT-BTC amended some contents specified in the Table of charge rates for evaluation of postal operation conditions prescribed in Circular 291/2016/TT-BTC.

new policy in vietnam exemption and reduction of evaluation fees for postal activities
(Photo: Lao dong thu do)

Accordingly, Circular No. 25/2020/TT-BTC has adjusted and reduced fees for some services of evaluating postal operation conditions. Specifically, the evaluation fee for changing other contents of the license reduce from VND 3 million/time (US$128) to VND 1.5 million/time (US$64).

The fee for evaluation of re-issuance of postal licenses when they are lost or damaged reduces from VND 2.5 million/time (US$107) to VND 1 million/time (US$43). The re-evaluation charge when lost or damaged reduces from VND 2.5 million/time (US$107) to VND 1 million/time (US$43).

Currently, the Ministry of Finance is proposing to collect many legal documents to continue adjusting and reducing many taxes, fees and charges to support people and businesses to overcome the Covid-19 pandemic.

new policy in vietnam exemption and reduction of evaluation fees for postal activities
(Photo: Vietnam News)

In addition, Circular No. 25/2020/TT-BTC also abolished the evaluation fee for granting postage stamp import permits. This fee is currently stipulated in Circular 291/2016/TT-BTC is VND 1 million/time (US$43).

This Circular takes effect on June 1, 2020, according to Vietnam Law.

The No. 25/2020/TT-BTC Circular is one of the circulars issued by the Ministry of Finance in recent times on exemption and reduction of many types of fees and charges for people and businesses.

The recent efforts of the Ministry of Finance to support businesses to develop and enhance national competitiveness, especially while the economy is still facing many challenges from the Covid-19 epidemic have been highly appreciated by the public in Vietnam, reported by Financial Magazine.

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