Circular No. 18/2023/TT-BTC dated March 21st, 2023 of the Minister of Finance on the procedures for collection and payment of fines; handling of differences between fines; receipts for fines; and state budget expenditures on activities of administrative penalty law enforcers

This Circular provides for new regulations on procedures for collection and payment of fines and interest on late payment of fines; methods for calculation and handling of differences between fines and receipts for fines.

Accordingly, this Circular still keeps the fine rate of 0.05%/day with regard to individuals, organizations that make late payment of fines.

In addition, this Circular also specifies that the number of days past due for payment of a fine shall include statutory public holidays or days-off, and shall start from the date succeeding the deadline for payment of the fine and end on the day preceding the date of the penalized entity or person’s payment of the fine into the state budget.

The following periods shall be exempt from late payment interest: the period of deferment of the administrative penalty decision; period of consideration and issuance of a decision on reduction or exemption of the remaining amount of fine, or grant of permission to pay the fine in installments.

Article 6 of this Circular provides guidelines on method of calculation and form of handling of a difference between fines that arises with the coming of a decision on rectification, revision, cancellation or replacement of an existing administrative penalty decision.

This Circular takes effect from May 5th, 2023.

To replaces Circular No. 153/2013/TT-BTC dated October 31st, 2013 and Circular No. 105/2014/TT-BTC dated August 7th, 2014.