License fee for foreign contractor in construction activities regulated

VGP - The Ministry of Finance has issued Circular No.172/2016/TT-BTC on the collection, collection mechanism, and fee for granting license for construction activities.

November 15, 2016 3:56 PM GMT+7

Accordingly, organizations, individuals and foreign contractors licensed with construction certificates have to pay fees.

An organization has to pay VND1 million as fee to get the first-time construction certificate while the rate for an individual is VND300,000 per one.

For a renewed, revised or extended certificate, the rate is equal to 50% of the fee mentioned above.

License fee for granting a construction certificate for a foreign contractor is VND2 million per one.

The Circular will come into effect since January 1, 2017.

By Thuy Dung