CIRCULAR

RATES OF FEES FOR REGISTRATION OF SECURED TRANSACTIONS

Pursuant to the Law on Fees and Charges dated November 25, 2015;

Pursuant to the Government's Decree No. 87/2017/ND-CP dated July 26, 2017, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

In compliance with the Prime Minister’s Directive No. 11/CT-TTg dated March 4, 2020 regarding urgent tasks and measures to relieve business and production difficulties as well as assure social security in response to the Covid-19 pandemic;

Upon the request of the Director of the Tax Policy Department;

The Minister of Finance hereby promulgates the Circular regulating rates of fees for registration of secured transactions.

Article 1. Rates of fees for registration of secured transactions

Organizations and individuals, when requesting the registration of secured transactions and the provision of information on transactions secured by movable property (except aircraft) and sea-going ships, shall pay fees as follows:

1. From the date of entry into force of this Circular to end of December 31, 2020:

a) In case of requesting agencies or units to perform the task of registering secured transactions, they shall pay the fee at the rate equal to 80% of the rate prescribed at points a, b and d of clause 1 of Article 4 in the Circular No. 202/2016/TT- The BTC dated November 9, 2016 of the Minister of Finance, regulating the rates, regimes for collection, remittance, management and use of fees for registration of secured transactions (hereinafter referred to as Circular No. 202/2016/TT-BTC), and 80% of the rate prescribed at points c and dd of clause 1 of Article 1 in the Circular No. 113/2017/TT-BTC dated October 20, 2017, amending and supplementing a number of articles of the Circular No. 202/2016/TT-BTC (hereinafter referred to as Circular No. 113/2017/TT-BTC).

b) In case of requesting agencies or units to provide information on transactions secured by movable property (except aircraft) or sea-going ships, they shall pay the fee at the rate equal to 80% of the rate prescribed in clause 2 of Article 4 in the Circular No. 202/2016/TT-BTC .

c) During the effective period of this Circular, the fee for registration of secured transactions, and the fee for provision of information on transactions secured by movable property (except for aircraft) and seagoing ships, prescribed at points a, b and d of clause 1; clause 2 of Article 4 in the Circular No. 202/2016/TT-BTC , and points c and dd of clause 1 of Article 1 in the Circular No. 113/2017/TT-BTC, shall be suspended.

2. From January 1, 2021, payment of the fee for registration of secured transactions, and the fee for provision of information on transactions secured by movable property (except for aircraft) and seagoing ships, prescribed at points a, b and d of clause 1; clause 2 of Article 4 in the Circular No. 202/2016/TT-BTC , and points c and dd of clause 1 of Article 1 in the Circular No. 113/2017/TT-BTC, shall resume.

Article 2. Entry into force

1. This Circular shall enter into force from June 1, 2020 to end of December 31, 2020. 

2. Matters regarding the scope of application; subjects of application; payers; collectors; declaration and payment of fees; management and use of fees; documents or records evidencing collection and public disclosure of regimes for collection of fees, and other related matters which are not covered herein, shall be subject to regulations of the Circular No. 202/2016/TT-BTC . 

3. In the course of implementation of this Circular, if there is any difficulty that arises, entities, organizations and individuals should promptly inform the Ministry of Finance for its review and additional guidance./.