This Circular amends and supplements Clause 1 of Article 7 of Circular No. 152/2015/TT-BTC on mineral resources tax, providing more specific details regarding the tax rates applicable to each type of extracted mineral resource based on the Mineral Resources Tax Rate Table issued by the Standing Committee of the National Assembly.
Scope of application
Investors extracting mineral resources; state management agencies for taxation
Key points
- Investors extracting mineral resources → must apply the tax rate according to the Mineral Resources Tax Rate Table attached to Resolution No. 1084/2015/UBTVQH13 of the Standing Committee of the National Assembly (Article 1).
- State management agencies for taxation → must base their calculations and collection of mineral resources tax on the Mineral Resources Tax Rate Table from organizations and individuals extracting mineral resources (Article 1).
- This Circular takes effect from July 1, 2016 (Article 2).
- Any subsequent amendments and supplements to the Mineral Resources Tax Rate Table will also be applied to calculate mineral resources tax (Article 1).
- The Mineral Resources Tax Rate Table specifies the tax rates for each type of extracted mineral resource (Article 1).
🌐 Social impact of this document
- Investors extracting mineral resources will have to comply more strictly with the prescribed tax rates, ensuring fairness and transparency in tax collection.
- State management agencies for taxation now have a legal basis to accurately and effectively calculate and collect mineral resources tax.
- Citizens and businesses extracting mineral resources may face difficulties in complying with new regulations, particularly in applying specific tax rates.
❓ Frequently asked questions
What table must investors extracting mineral resources base their tax calculation on?
Investors extracting mineral resources must base their tax calculation on the Mineral Resources Tax Rate Table issued together with Resolution No. 1084/2015/UBTVQH13 of the Standing Committee of the National Assembly.
When does this Circular take effect?
This Circular takes effect from July 1, 2016.
What must state management agencies for taxation do when implementing this Circular?
State management agencies for taxation must base their calculation and collection of mineral resources tax on the Mineral Resources Tax Rate Table from organizations and individuals extracting mineral resources.
What happens if there are subsequent amendments and supplements to the Mineral Resources Tax Rate Table?
Any subsequent amendments and supplements to the Mineral Resources Tax Rate Table will also be applied to calculate mineral resources tax.
Does this Circular provide specific tax rates for each type of extracted mineral resource?
The Mineral Resources Tax Rate Table provides specific tax rates for each type of extracted mineral resource.
Full text
CIRCULAR
AMENDMENTS AND SUPPLEMENTS TO CLAUSE 1, ARTICLE 7 OF CIRCULAR NO. 152/2015/TT-BTC DATED OCTOBER 2, 2015 ON GUIDELINES FOR MINERAL RESOURCES TAX
WHEREAS, Law on Mineral Resources No. 45/2009/QH12 dated November 25, 2009;
Pursuant to the Law No. 71/2014/QH13 amending and supplementing certain articles of various tax laws dated November 26, 2014;
WHEREAS, Resolution No. 1084/2015/UBTVQH13 dated December 10, 2015 of the Standing Committee of the National Assembly promulgating the Table of Tax Rates for Mineral Resources Tax;
WHEREAS, Decree No. 50/2010/NĐ-CP dated May 14, 2010 of the Government detailing and guiding the implementation of certain provisions of the Law on Mineral Resources;
WHEREAS, Decree No. 12/2015/NĐ-CP dated February 12, 2015 of the Government guiding the implementation of the Law amending and supplementing certain articles of various tax laws and amending and supplementing certain articles of decrees on taxes;
Pursuant to Decree No. 215/2013/NĐ-CP dated December 23, 2013, promulgated by the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the proposal of the Director of the Tax Policy Department;
THE MINISTRY OF FINANCE ISSUES THIS CIRCULAR AMENDING AND SUPPLEMENTING CLAUSE 1, ARTICLE 7 OF CIRCULAR NO. 152/2015/TT-BTC DATED OCTOBER 2, 2015 ON GUIDELINES FOR MINERAL RESOURCES TAX AS FOLLOWS:
Article 1. Clauses 1 of Article 7 shall be amended and supplemented as follows:
"1. The tax rate for mineral resources tax serving as the basis for calculating the mineral resources tax for each type of extracted resource is specified in the Table of Tax Rates for Mineral Resources Tax issued together with Resolution No. 1084/2015/UBTVQH13 dated December 10, 2015 of the Standing Committee of the National Assembly and any subsequent amendments or supplements (if any)."
Article 2. Effective Date
This Circular takes effect from July 1, 2016.
In the course of implementation, if there are any difficulties, organizations and individuals are requested to promptly report them to the Ministry of Finance for study and resolution./.
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