Decision No. 127/1999/ND-BTC of the Ministry of Finance stipulates the table of fees and charges for securities market activities. The decision applies to organizations and individuals participating in these activities, including the issuance of licenses and transaction fees at the securities trading center.
适用范围
Organizations and individuals participating in securities market activities include securities companies, fund management companies, depository banks, and trading members at the securities trading center.
要点
- Organizations and individuals participating in securities market activities must pay licensing fees for issuing shares and bonds, re-registration, securities company operations, fund management, and foreign branches.
- Transaction fees at the securities trading center include trading member fees, system usage fees, share and bond trading fees, re-listing fees, annual listing management fees, securities registration fees, depositary services, deposit, withdrawal, transfer, and bond depositary fees.
- The securities trading center retains 10% of the collected fees for organizational costs, except for depository banks which follow different regulations.
- The decision takes effect fifteen days from the date of signing.
- Organizations and individuals subject to payment of fees and charges for securities activities and relevant agencies are responsible for implementing the decision.
🌐 本文件的社会影响
- Creates a financial burden on enterprises participating in the securities market through the requirement to pay fees and charges.
- Helps increase revenue for the state budget through the collection of fees from securities market activities.
- Ensures stricter management over securities issuance and trading activities.
❓ 常见问题
How much do organizations and individuals participating in securities market activities have to pay in fees?
Fees are calculated based on the total value of shares, bonds, or statutory capital. For example, the fee for issuing a license to issue shares is 0.02% of the total value of the shares applied for, but not exceeding 50 million dong.
What fees do organizations trading at the securities exchange have to pay?
Transaction fees at the securities trading center include trading member fees, system usage fees, share and bond trading fees, re-listing fees, annual listing management fees, and other types of fees. For example, the share trading fee is 0.1% of the transaction value.
What is the fee retention rate for depository banks?
Depository banks retain 20 million dong for membership depositary fees. Other retention rates apply according to point 3c, Section II of Circular No. 10/1999/TT-BTC.
When does this decision take effect?
The decision takes effect fifteen days from the date of signing, specifically from November 7, 1999.
How do organizations and individuals pay fees?
The agency responsible for managing state fees and charges for securities market activities registers, declares, and pays charges to the local tax authority where the charge is collected according to Circular No. 54/1999/TT-BTC of the Ministry of Finance.
全文
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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NUMBER: 127/1999/QT-BTC |
HA NOI, October 22, 1999 |
Pursuant to …;
ISSUED BY THE MINISTER OF FINANCE NUMBER 127/1999/QD-BTC ON OCTOBER 22, 1999 REGARDING THE CHARGES AND FEES SCALE FOR SECURITIES MARKET ACTIVITIES
THE MINISTER OF FINANCE
Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;
Pursuant to Decree No. 178/CP dated October 28, 1994 of the Government on the tasks, powers, and organization of the Ministry of Finance;
Pursuant to Decree No. 04/1999/NĐ-CP dated January 30, 1999 of the Government on fees and charges under the state budget;
Pursuant to Decree No. 48/1998/NĐ-CP dated July 11, 1998 of the Government on securities and the securities market;
After receiving comments from the State Securities Commission (document No. 141/UBCK dated October 14, 1999);
At the proposal of the Director General of the State Revenue Administration,
Pursuant to …;
Article 1:
The charges and fees scale for securities market activities is hereby issued together with this Decision.
Article 2:
The agency responsible for collecting charges and fees for securities market activities shall register and declare the collection and payment of fees to the local tax authority where the fees are collected in accordance with Circular No. 54/1999/TT-BTC dated May 10, 1999 of the Ministry of Finance guiding the implementation of Decree No.
04/1999/ND-CP dated January 30, 1999 of the Government on fees and charges under the state budget.Article 3:
Organizations and individuals participating in securities market activities must pay the types of fees and charges stipulated in this Decision.
Article 4:
The agency responsible for collecting charges and fees for securities activities may retain 10% of the collected fees and charges for expenses related to the collection process in accordance with Point 5.b Section III of Circular No. 54/1999/TT-BTC dated May 10, 1999 of the Ministry of Finance. For securities trading centers, the retention rate shall be applied in accordance with Point 3.c Section II of Circular No. 10/1999/TT-BTC dated January 29, 1999 of the Ministry of Finance regarding temporary financial management regulations for securities trading centers.
Article 5:
This Decision shall take effect fifteen days from the date of signature.
Article 6:
Organizations and individuals subject to payment of fees and charges for securities activities, units assigned by the State Securities Commission to collect fees and charges, and relevant agencies are responsible for implementing this Decision.
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Pham Van Trong (Signed) |
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APPENDIX 01
SCALE OF FEES FOR LICENSE ISSUANCE FOR SECURITIES ISSUANCE AND BUSINESS AND PROFESSIONAL ACTIVITIES IN THE SECURITIES FIELD
(Issued together with Decision No. 127/1999/QD-BTC dated October 22, 1999 of the Minister of Finance)
|
Serial number |
Amount of Charge |
Rate of Collection |
Remarks |
|
(1) |
(2) |
(3) |
(4) |
|
1 |
Fee for issuing a license for stock issuance |
0.02% of the total value of stocks requested for issuance, but not exceeding 50 million dong |
|
|
2 |
Fee for issuing a license for bond issuance |
0.02% of the total value of bonds requested for issuance, but not exceeding 50 million dong |
|
|
3 |
Fee for re-registering stocks and bonds |
0.02% of the total value of stocks and bonds for re-registration, but not exceeding 50 million dong |
|
|
4 |
Fee for issuing a license for securities company operations |
0.2% of the statutory capital |
|
|
5 |
Fee for issuing a license for fund management company operations |
0.2% of the statutory capital |
|
|
6 |
Fee for issuing a license for foreign fund management company branch operations |
0.2% of the statutory capital |
|
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7 |
Fee for issuing a license to establish a securities investment fund |
0.02% of the total value of certificates issued, but not exceeding 50 million dong |
|
|
8 |
Fee for issuing a license for custody operations |
6,000,000 dong |
(Applicable to all depositary banks) |
|
9 |
Fee for issuing a license to open a representative office of a foreign securities business organization in Vietnam |
1,000,000 VND |
|
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10 |
Fee for issuing a license for securities business and service and fund management professional activities |
1,000,000 VND |
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APPENDIX 02
CHARGES APPLICABLE TO ACTIVITIES AT SECURITIES EXCHANGE CENTERS
(Issued together with Decision No. 127/1999/QD-BTC dated October 22, 1999)
|
Serial number |
Amount of Charge |
Rate of Collection |
Remarks |
|
(1) |
(2) |
(3) |
(4) |
|
1 |
Trading member fee |
50 million dong |
(collected once when joining as a member) |
|
2 |
Equipment system usage fee |
20 million dong per terminal device |
Based on the number of terminal stations and peripheral devices used by the member |
|
3 |
Trading fee |
|
|
|
3.1 |
Stocks, fund investment certificates |
0.1% of the transaction value |
|
|
3.2 |
Bonds |
0.075% of the transaction value |
|
|
4 |
Re-listing fee for securities |
0.04% of the value of securities requested for relisting |
Not applicable to government bonds |
|
5 |
Annual listing management fee |
|
Not applicable to government bonds |
|
5.1 |
Listed below 10 billion dong |
15 million dong |
|
|
5.2 |
Listed between 10-30 billion dong |
20 million dong |
|
|
5.3 |
Listed between 30-50 billion dong |
25 million dong |
|
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5.4 |
Listed above 50 billion dong |
30 million dong |
|
|
6 |
Securities registration fee |
0.075% of the value of registered securities |
|
|
7 |
Custodian member fee |
20 million dong |
applicable to domestic and foreign custodian banks |
|
8 |
Stock deposit fee |
80 dong per lot of stocks |
1 lot = 100 shares |
|
9 |
Stock withdrawal fee |
160 dong per lot of stocks |
1 lot = 100 shares |
|
10 |
Stock transfer fee |
80 dong per lot of stocks |
1 lot = 100 shares |
|
11 |
Stock custodian fee |
3 dong per lot of stocks per day |
1 lot = 100 shares |
|
12 |
Bond deposit fee |
(3 dong per unit) |
(unit = 100,000 dong) |
|
13 |
Bond withdrawal fee |
(6 dong per unit) |
(unit = 100,000 dong) |
|
14 |
Bond transfer fee |
3 dong per unit of bond |
(unit = 100,000 dong) |
|
15 |
Bond custodian fee |
(20 dong per unit) |
(unit = 100,000 dong) (Collected every six months) |
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