Circular No. 55/1998/TT-BTC guides the regime for collecting, submitting, and managing registration fees for cooperative business registration.

CIRCULAR

OF THE MINISTRY OF FINANCE NUMBER 55/1998/TT/BTC DATED APRIL 20, 1998 GUIDING REGIME FOR THE COLLECTION, PAYMENT AND MANAGEMENT OF FEES FOR BUSINESS REGISTRATION OF COOPERATIVES

Implementing Article 12 of Decree No. 16/CP dated February 21, 1997 of the Government on the conversion, registration of cooperatives and organization of activities of cooperative unions and Circular No. 5977/KTTH dated November 24, 1997 of the Office of the Government on the collection of business fees for cooperatives.
Pursuant to Decision No. 276/CT dated July 28, 1992 of the Chairman of the Council of Ministers (now Prime Minister) on the unified management of fees and charges.
The Ministry of Finance stipulates the regime for collecting business fees for issuing certificates of business registration for cooperatives and cooperative unions as prescribed in Decree No. 16/CP dated February 21, 1997 as follows:

I. OBJECTS OF PAYMENT

Cooperatives and cooperative unions when being issued certificates of business registration by provincial/municipal People's Committees under the central government, district, or county People's Committees must pay the fee as prescribed in this Circular.

II. AMOUNT OF COLLECTION

1. The level of collection of the business fee for issuing certificates of business registration is prescribed as follows:

- For cooperatives issued certificates of business registration by district or county People's Committees: 100,000 VND/certificate (one hundred thousand dong).

- For cooperatives and cooperative unions issued certificates of business registration by provincial/municipal People's Committees under the central government: 200,000 VND/certificate (two hundred thousand dong).

2. In cases where cooperatives or cooperative unions have already been granted licenses and need to change the contents recorded in the license, each change will be charged: 10,000 VND (ten thousand dong).

The above-mentioned collection levels do not include the cost of purchasing application forms for requesting certificates of business registration.

III. MANAGEMENT OF FEES

1. Provincial/municipal People's Committees under the central government, districts, and counties during the process of issuing certificates of business registration for cooperatives and cooperative unions shall have the responsibility:

- To organize the collection, payment, and management of business fees for issuing certificates of business registration according to the provisions of this Circular.

- When collecting fees, they must issue to the payer a receipt for the business fee issued by the Ministry of Finance (General Department of Taxation), received at the local tax authority where the collecting agency is located.

- To implement the opening of accounting books and records to separately track the amount collected and paid in business fees according to the current state accounting and statistical regulations.

- To implement the payment of business fees into the state budget according to the guidance of the tax authority.

- Annually, to settle the amount collected and paid in business fees with the directly managing tax authority. Within 45 days from the end of the year, they must submit the settlement report to the Tax Authority and the finance department at the same level.

2. Business fees for issuing certificates of business registration are part of the state budget revenue, and the collecting agency must declare and remit the total amount of fees collected in the period to the tax authority once a month. The tax authority will check the declaration form, issue a notice of the amount due, payment deadline, account type, according to item 046 of the state budget schedule. Based on the notice sent by the tax authority, the collecting agency must remit the business fees collected in the month into the state budget, but no later than the 10th day of the following month.

Expenses for printing certificates of business registration and reviewing application forms are funded by the state budget according to the approved annual plan.

IV. IMPLEMENTATION

1. The tax authority where the fee-collecting agency is located has the responsibility to issue receipts for business fees to the collecting agencies, inspect and urge the fee-collecting agencies to comply with the fee-payment system; manage and use receipts; and implement accounting books and records according to the prescribed regulations.

2. This Circular shall take effect fifteen days from the date of issuance.

During the implementation process, if there are any difficulties, units should promptly reflect them to the Ministry of Finance for research and resolution.