BUSINESS LICENSE FEE
Being considered as annual registration fee and paid in commencing of the year, Business License Fee (BLF) is required to be declared and paid when the company’s establishment is completed.
BLF rate in Vietnam is determined based upon its registered charter capital, with details are elaborated as below:
| Level | Charter Capital | BLF level (VND) | Equivalent to USD |
| 1. | Under 10 billion VND | VND 2,000,000 | USD 90 |
| 2. | From 10 billion VND and above | VND 3,000,000 | USD 140 |
| 3. | Branch, Representative office, business location and others | VND 1,000,000 | USD 45 |
Having released recently in 2020 by Vietnam Government (*), postitive news is that newly established enterprise is exempted from BLF payment in the first year of establishment e.g. from 1 January to 31 December.
Newly set-up firm is required to declare and submit BLF return once via tax portal. Failing to comply will result in penalty from the authority. Only BLF payment is required for next consecutive years.
If there is any change in registered charter capital lead to change BLF level, the company is required to re-submit BLF return and pay BLF according to new corresponding level.
Deadline for BLF settlement on annual basis is 30 January.
(*) Decree 22/2020 dated 25 Feb 2020