✦ Smart summary
This Circular stipulates the level of collection, collection system, payment, management, and use of fees for auctioning off shares applicable to enterprises, organizations, and individuals whose shares are auctioned off at the Stock Exchange, Securities Trading Center, and other organizations. The fee rate is 0.3% of the total actual value of shares sold, not exceeding 300 million VND per auction.
Scope of application
Enterprises, organizations, and individuals whose shares are auctioned off according to the provisions of the law; the Stock Exchange, Securities Trading Center, and other organizations permitted to organize the auctioning off of shares.
Key points
- Those who pay the fee for auctioning off shares are enterprises, organizations, and individuals whose shares are auctioned off according to the provisions of the law.
- The level of collection of fees for auctioning off shares applied at the Stock Exchange, Securities Trading Center is 0.3% of the total actual value of shares sold, with a maximum not exceeding 300 million VND per auction of shares.
- The level of collection of fees for auctioning off shares applied at other organizations is agreed upon by the parties involved but shall not exceed 0.3% of the total actual value of shares sold.
- Fees from the activity of auctioning off shares are collected in Vietnamese dong and must be paid to the Stock Exchange, Securities Trading Center, and other organizations permitted to organize the auctioning off of shares after completing the auction period.
- Fees from the auctioning off of shares are revenue not belonging to the State budget. The entity collecting the fees has the obligation to pay taxes according to the law on the amount of fees collected and manage and use the proceeds from the fees after paying the tax.
🌐 Social impact of this document
- Positive impact: Reducing the burden of costs for enterprises during the process of auctioning off shares.
- Negative impact: Adding a new cost for enterprises, organizations, and individuals whose shares are auctioned off.
❓ Frequently asked questions
What is the level of collection of fees for auctioning off shares?
The level of collection of fees for auctioning off shares applied at the Stock Exchange, Securities Trading Center is 0.3% of the total actual value of shares sold, with a maximum not exceeding 300 million VND per auction of shares. The level of collection of fees at other organizations is agreed upon by the parties involved but shall not exceed 0.3% of the total actual value of shares sold.
Who are the entities required to pay the fee for auctioning off shares?
The entities required to pay the fee for auctioning off shares are enterprises, organizations, and individuals whose shares are auctioned off according to the provisions of the law.
What currency are fees from the activity of auctioning off shares collected in?
Fees from the activity of auctioning off shares are collected in Vietnamese dong.
Are fees from the auctioning off of shares part of the State budget?
No, fees from the auctioning off of shares are revenue not belonging to the State budget.
What rights does the entity collecting the fees have in managing and using the proceeds from the fees?
After paying taxes according to the law, the entity collecting the fees has the right to manage and use the proceeds from the fees.
Full text
CIRCULAR
Regulations on the level of collection, collection system, payment, management
and use of fees for auctioning shares
_____________________________
Pursuant to Decree No. 57/2002/NĐ-CP dated June 3, 2002 of the Government detailing the implementation of the Ordinance on Fees and Charges;
Pursuant to Decree No. 24/2006/NĐ-CP dated March 6, 2006 of the Government amending and supplementing some articles of Decree No. 57/2002/NĐ-CP dated June 3, 2002 of the Government detailing the implementation of the Ordinance on Fees and Charges;
Pursuant to the Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 109/2007/NĐ-CP dated June 26, 2007 of the Government on converting state-owned enterprises with 100% state capital into joint-stock companies;
Pursuant to Decree No. 14/2007/NĐ-CP dated January 19, 2007 of the Government detailing the implementation of certain provisions of the Securities Law;
Pursuant to Decree No. 05/2005/NĐ-CP dated January 18, 2005 of the Government on auctioning assets;
Pursuant to Decree No. 09/2009/NĐ-CP dated December 5, 2009 of the Government on issuing the Financial Management Regulation for State-Owned Enterprises and the Management of State Capital Invested in Other Enterprises;
The Ministry of Finance stipulates the level of collection, collection system, payment, management, and use of auction fees as follows:
Article 1: Scope and objects of application
1. Auction fees for selling shares prescribed in this Circular apply to the sale of shares at the Stock Exchange, Securities Trading Center, and other organizations permitted to organize the auction of shares in accordance with the law.
2. The object paying the auction fee for selling shares is enterprises, organizations, and individuals holding shares that are sold through auctions as prescribed by law.
3. Units authorized to collect auction fees for selling shares include: Stock Exchanges, Securities Trading Centers, and other organizations permitted to organize the auction of shares in accordance with the law.
Article 2: Level of auction fees for selling shares
1. The level of auction fees for selling shares applied at Stock Exchanges and Securities Trading Centers is 0.3% of the actual total value of shares sold, but not exceeding 300 million VND per auction of shares.
2. The level of auction fees for selling shares applied at organizations permitted to organize the auction of shares in accordance with the law shall be agreed upon by the parties involved, but the collection rate shall not exceed 0.3% of the actual total value of shares sold.
Article 3: Collection, payment, management, and use of auction fees for selling shares:
1. Fees from the activity of auctioning shares shall be collected in Vietnamese dong. Companies registering to auction shares have the responsibility to pay the entire auction fee according to regulations to the Stock Exchange, Securities Trading Center, and other organizations permitted to organize the auction of shares after completing the auction round.
2. Auction fees collected are not part of the State budget. The unit collecting fees has the obligation to pay taxes on the collected fees in accordance with the law and has the right to manage and use the collected funds after paying taxes in accordance with the law.
Article 4. Organization of Implementation
1. This Circular takes effect 45 days from the date of signature.
2. Other contents related to the collection, payment, management, and use, and publicizing the collection system not specified in this Circular shall be implemented in accordance with the guidance provided in Circular No. 63/2002/TT-BTC dated July 24, 2002 of the Ministry of Finance guiding the implementation of legal provisions on fees and charges, and Circular No. 45/2006/TT-BTC dated May 25, 2006 of the Ministry of Finance amending and supplementing Circular No. 63/2002/TT-BTC and Circular No. 60/2007/TT-BTC dated June 14, 2007 guiding the implementation of certain provisions of the Tax Administration Law and guiding the implementation of Decree No. 85/2007/NĐ-CP dated May 25, 2007 of the Government detailing the implementation of certain provisions of the Tax Administration Law.
3. During the implementation process, if there are any difficulties, organizations and individuals are requested to promptly report to the Ministry of Finance for research and supplementary guidance.
Original document (PDF)
Relations map
↑ Basis & documents that affect this document
Based on 7
05/2005/NĐ-CP
Nghị định số 05/2005/NĐ-CP Về bán đấu giá tài sản
Expired
09/2009/NĐ-CP
Nghị định số 09/2009/NĐ-CP Ban hành Quy chế quản lý tài chính của công ty nhà nước và quản lý vốn nhà nước đầu tư vào doanh nghiệp khác
Expired
57/2002/NĐ-CP
Nghị định số 57/2002/NĐ-CP Quy định chi tiết thi hành Pháp lệnh Phí và lệ phí
Expired
109/2007/NĐ-CP
Nghị định số 109/2007/NĐ-CP Về chuyển doanh nghiệp 100% vốn nhà nước thành công ty cổ phần
Expired
24/2006/NĐ-CP
Nghị định số 24/2006/NĐ-CP Sửa đổi, bổ sung một số điều của Nghị định số 57/2002/NĐ-CP ngày 03/06/2002 của Chính phủ quy định chi tiết thi hành Pháp lệnh Phí và Lệ phí
Expired
14/2007/NĐ-CP
Nghị định số 14/2007/NĐ-CP Quy định chi tiết thi hành một số điều của Luật Chứng khoán
Expired
118/2008/NĐ-CP
Nghị định số 118/2008/NĐ-CP Quy định chức năng, nhiệm vụ, quyền hạn và cơ cấu tổ chức của Bộ Tài chính
Expired
82/2009/TT-BTC
Circular No. 82/2009/TT-BTC stipulates the level of collection, collection system, payment, management, and use of fees for auctioning off shares.
Expired
↓ Documents affected by this document
References 4
45/2006/TT-BTC
Thông tư số 45/2006/TT-BTC Sửa đổi, bổ sung Thông tư số 63/2002/TT-BTC ngày 24/7/2002 của Bộ Tài chính hướng dẫn thực hiện các quy định pháp luật về phí và lệ phí
In effect
85/2007/NĐ-CP
Nghị định số 85/2007/NĐ-CP Quy định chi tiết thi hành một số điều của Luật Quản lý thuế
Expired
63/2002/TT-BTC
Thông tư số 63/2002/TT-BTC Hướng dẫn thực hiện các quy định pháp luật về phí và lệ phí
Expired
60/2007/TT-BTC
Thông tư số 60/2007/TT-BTC Hướng dẫn thi hành một số điều của Luật Quản lý thuế và hướng dẫn thi hành Nghị định số 85/2007/NĐ-CP ngày 25/5/2007 của Chính phủ quy định chi tiết thi hành một số điều của Luật Quản lý thuế
Expired
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