From July 1, 2024, international travel service businesses will enjoy a reduction in license fees. Applying for a license is a prerequisite for conducting international travel business in Vietnam. Therefore, this regulation has promoted the establishment of new international travel companies in Vietnam, attracting foreign investment capital to contribute to the development of the tourism industry. This regulation is applied until the end of 2024 according to Circular No. 43/2024/TT-BTC. In the article below, Viet An Law will inform about regulations on reducing International Travel Service License fees in Vietnam from July 1, 2024, according to the above Circular.
Table of contents
From July 1, 2024, the Ministry of Finance will reduce the following fees by 50%:
These are some important state fees mentioned in Circular No. 43/2024/TT-BTC regulating the collection rates of several state fees to continue to remove difficulties and support production activities, issued by the Minister of Finance on June 28, 2024, and effective from July 1, 2024.
The current licensing fee according to Circular 33/2018/TT-BTC is adjusted to decrease according to the new Circular as follows:
The effective period of Circular No. 43/2024/TT-BTC is from July 1 to December 31, 2024.
Thus, from January 1, 2025, if there are no new regulations, the state fee for international travel licensing will return to the fixed level specified in Circular 33/2018/TT-BTC regulating collection rates, collection, payment, and management of appraisal fees for issuance of international travel business licenses taken effect from May 14, 2018.
Enterprises wishing to be granted an international travel service business license submit a license application to the Vietnam National Authority of Tourism (VNAT) under the Ministry of Culture, Sports and Tourism to be considered for an International Travel License.
Phone: (84-24) 3942 3760
Legal basis: Decision No. 1536/QD-BVHTTDL dated June 15, 2023, effective July 1, 2023.
Currently, according to WTO commitments, foreign investors are allowed to invest in the business of Travel agencies and tour operator services (CPC 7471) in Vietnam in the form of joint ventures with Vietnamese partners at the rate own up to 99% capital in business registration information.
How to look up travel businesses operating in Vietnam:
Regarding the scope of service provision, according to current regulations, joint venture enterprises that are foreign-invested are only allowed to provide services to bring tourists to Vietnam (inbound) and domestic travel for tourists traveling into Vietnam. Accordingly, when applying for an international travel business license for inbound activities, foreign-invested companies established by foreigners are also entitled to a reduction in licensing fees according to regulations.
When applying for a license, a travel company must submit a set of documents that fully meet the business conditions according to the provisions of the 2017 Tourism Law and its implementation guidance documents. When using the services of Viet An Law Firm, you will only need to provide the following information so that our experts can draft documents following regulations.
Current fee reduction regulations apply to all three cases:
Therefore, in case an enterprise wants to renew/re-issue a license, the fee will also be reduced according to the new regulations.
Above are some updated contents of Viet An Law on regulations on reducing International Travel Service License Fees in Vietnam from July 1, 2024. If you need to apply for a travel business license or to establish a company for travel service in Vietnam, please contact Viet An Law for the most direct and accurate advice!
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