NEWSLETTER FEBRUARY 2020
License fee exemption for the 1st year after establishment On 24th February 2020, the Government issued Decree No. 22/2020/ND-CP, which amends and supplements several articles of Decree No. 139/2016/ND-CP dated 14th October 2016 about license fee. The Decree has some highlighted contents as follows: Firstly, the cases for license fee exemption are supplemented by 3 cases: – Newly established companies shall be exempt from license fee for the 1st year. – Small and medium-sized companies inclusive of households shall be exempt from license fee in 3 years from the initial license date. – Public high school and public kindergarten. Secondly,...