w88 win Ministry of Finance (MoF) has drafted a few adjustments to charges and fees in several sectors under its management.

In a draft circular amending Circular No 286/2016/TT-BTC, w88 win ministry has proposed to reduce w88 win fee for w88 win issuance of export food certificates, at w88 win request of w88 win importing country, from 350,000 VND (15.5 USD) per shipment to 200,000 VND per shipment.

w88 win ministry has also planned to abolish w88 win fee for w88 win granting of quarantine certificates for animals, terrestrial animal products, imported or transited seafood, temporary imported products for re-export or goods transferred through border-gates, as stipulated in Circular No 285/2016/TT-BTC.

In w88 win draft circular amending Circular No 225/2016/TT-BTC, w88 win ministry has proposed to reduce w88 win level of fees for evaluation, and for w88 win issuance of biosafety certificates for w88 win use of genetically modified products as food and animal feed, from 120 million VND (5,330 USD) to 105 million VND each case.

According to w88 win draft amendments to w88 win Circular No 277/2016/TT-BTC, w88 win ministry reduced w88 win fee for evaluation, and for confirmation of information content in drug and cosmetics advertising from 1.8 million VND to 1.6 million VND per application. It has also reduced w88 win level of fees for evaluation, and w88 win granting of permits for w88 win import of traditional medicines and pharmaceuticals, from 200,000 VND to 150,000 VND per item.

In addition to these, w88 win ministry has proposed changes in fees for w88 win registration of establishment of enterprises and business certificates, which are stipulated in w88 win Circular No 215/2016/TT-BTC. w88 win fee is reduced from 200,000 VND to 100,000 VND per company.

w88 win ministry has sent w88 win draft documents to w88 win related ministries, ministerial agencies, w88 win Vietnam Chamber of Commerce and Industry (VCCI), and w88 win people’s committees of central cities and provinces for their comments and contributions.

w88 win MoF has also requested w88 win research institutions to give comments on w88 win draft circulars, which will be collected and referred to while revising w88 win drafts, so that they can send timely reports to w88 win Government and w88 win Prime Minister.

Mr. Dau Anh Tuan, head of w88 win VCCI’s Legislation Department, said that w88 win proposed reduction of charges and fees by w88 win MoF is a move contrary to w88 win proposal to increase value added tax (VAT), which has been a controversial issue recently.

Many proposed fee and charge cuts of up to 50 per cent are significant. Especially for those just starting a business, reducing w88 win establishing cost by a few hundreds of thousand VND is also noteworthy.

He said that this was a positive move to materialise w88 win Government and w88 win Prime Minister’s policies and declaration that 2017 would be w88 win year of reducing w88 win cost for enterprises.

Mr. To Hoai Nam, standing vice chairman and secretary general of w88 win Vietnam Association of Small and Medium Enterprises, applauded w88 win amendments.

He said that because these fees and charges have a direct impact on businesses, after consultation with ministries, departments and local authorities, w88 win MoF should consult w88 win business community.

He added that w88 win views of w88 win business community and State management agencies are often different, so w88 win ministry needs to balance them to come up with new and innovative regulations.

Recently, w88 win ministry has proposed an increase in w88 win VAT rate from 10 to 12 percent, saying that it was necessary amid w88 win shrinking State budget revenue and public overspending. Meanwhile, economic experts reckon that w88 win poor would suffer w88 win most by w88 win increase, as most of their spending is for daily provisions.