How foreign advertising enterprises are affected by new Circular No. 165/2016/TT-BTC
On October 25th 2016, the Ministry of Finance issued Circular No. 165/2016/TT-BTC providing for fees for processing of applications for the license for establishment of representative offices of foreign advertising enterprises in Vietnam, and the collection and transfer thereof.
This Circular is not yet effective and it will come into force on January 1st 2017, replacing the Circular No. 66/2014/TT-BTC dated May 20th 2014.
The aforementioned Circular establishes that foreign advertising enterprises that apply for issuance, re-issuance or modification of the license to establish representative offices in Vietnam must pay fees to the competent State authorities ( or other organizations and individuals involved in the collection of tax in accordance with the law).
Related: Corporate Formation Services
Fees for processing of applications for the license for establishment of representative offices of foreign advertising enterprises in Vietnam must be paid in VND and consist of:
- 3,000,000 VND, for an application for new license;
-1,500,000 VND, for an application for re-issuance or modificaation of license.
******
Please contact us for any further concerns related to the topic of this article.
About Us
Asia Business Consulting is a boutique consulting firm specializing in corporate establishment, legal and business advisory, tax and payroll compliance, HR administration, market research to multinationals investing in Vietnam.
For further information or to contact the firm, please email This email address is being protected from spambots. You need JavaScript enabled to view it. or download the company brochure.
You can stay up to date with the latest business and investment news in Vietnam by subscribing for our newsletters.