Regulatory Alerts2021-12-24 | 120/2021/TT-BTCAdded
Circular 120/2021/TT-BTC on Fee Reductions for Securities Sector to Support Covid-19 Impacted Entities
The Ministry of Finance issued Circular 120/2021/TT-BTC to reduce 20 out of 22 securities-related fees and charges by 50% for entities affected by the Covid-19 pandemic. The reduction applies from January 1, 2022, to June 30, 2022, excluding individual securities practice certificates and securities activity supervision fees which remain at standard rates. All securities fees and charges will revert to the standard rates established by Circular 272/2016/TT-BTC effective July 1, 2022.
On December 24, 2021, the Ministry of Finance issued Circular No. 120/2021/TT-BTC dated December 24, 2021, regulating the collection of certain fees and charges to support and alleviate difficulties for entities affected by the Covid-19 pandemic.
Accordingly, 20 out of 22 fees and charges in the securities sector are reduced by 50% compared to the provisions in the Schedule of Fees and Charges in the Securities Sector issued alongside Circular No. 272/2016/TT-BTC, effective from January 1, 2022, to June 30, 2022.
Specifically, the collection rates for two items, namely the fee for issuing practice certificates for individuals operating in securities and the fee for supervising securities activities, are implemented according to the provisions in the Schedule of Fees and Charges in the Securities Sector issued alongside Circular No. 272/2016/TT-BTC.
This Circular takes effect from January 1, 2022, to June 30, 2022. From July 1, 2022, onwards, all fees and charges in the securities sector will be implemented according to the provisions in the Schedule of Fees and Charges in the Securities Sector issued alongside Circular No. 272/2016/TT-BTC.
State Securities Commission