A fine twice as much for individual and enterprise who has not make payment for natural disaster prevention and control funds


2017-11-01

According to clause 4, Article 8 in the Decree No. 94/2014/ND-CP on the setting up and management of natural disaster prevention and control funds “Deadlines for payment: Individuals shall pay their contributions once a year before May 30; independent accounting-practicing economic organizations shall pay at least 50% of their contributions before May 30 and the remainder before October 30 every year”

In order to raise awareness, responsibilities and obligations of the people for contributing to Natural disaster prevention and control fund, recently, the Government issued Decree No. 104/2017 / ND-CP stipulating the fine twice as much for individual and enterprise who has not make payment and 1.5 time for who has late payment. Specifically:

  1. Individuals and enterprises who have contributed to Natural disaster prevention and control fund every year by 30th May, but still missing, shall be fined equal to the payable amount of each payment.
  2. A fine of 1.5 times the payable amount of each payment shall be imposed for delaying payment of annually payable amounts to the disaster preparedness fund.
  3. A fine of 2.0 times the payable amount of each payment but neither shall be imposed for failure to make payment to the disaster preparedness fund as regulated by law

The fine are neither smaller than VND 50,000 nor exceeding VND 50,000,000