Circular No. 174/2016/TT-BTC amends and supplements Point a Clause 4 Article 6 of Circular No. 152/2015/TT-BTC dated October 2, 2015 of the Ministry of Finance guiding on natural resources tax.

CIRCULAR

Amending and supplementing Point a Clause 4 Article 6 Circular No. 152/2015/TT-BTC guiding on natural resources tax
dated October 2, 2015 issued by the Ministry of Finance

Pursuant to the Law on Natural Resources Tax No. 45/2009/QH12 dated November 25, 2009;

Pursuant to the Minerals Law No. 60/2010/QH12 dated November 17, 2010;

Pursuant to the Law on Tax Administration No. 78/2006/QH11 dated November 29, 2006; The Law amending and supplementing certain articles of the Law on Tax Administration No. 21/2012/QH13 dated November 20, 2012;

Pursuant to Resolution No. 1084/2015/UBTVQH13 dated December 10, 2015 of the Standing Committee of the National Assembly regarding the issuance of the table of tax rates for natural resources tax;Pursuant to the Law amending and supplementing certain articles of the Laws on Tax No. 71/2014/QH13 dated November 26, 2014;

Pursuant to Decree No. 83/2013/NĐ-CP dated July 22, 2013 of the Government detailing and guiding the implementation of certain provisions of the Law on Tax Administration and the Law amending and supplementing certain articles of the Law on Tax Administration;g Pursuant to 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 Natural Resources Tax;

Pursuant to 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 the Tax Laws and amending and supplementing certain articles of the Decrees on Tax;Pursuant to Decree No. 215/2013/NĐ-CP dated December 23, 2013 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;;

Of the Director General of the State Treasury;The Minister of Finance hereby issues this Circular amending and supplementing Point a Clause 4 Article 6 Circular No. 152/2015/TT-BTC dated October 2, 2015 issued by the Ministry of Finance guiding on natural resources tax as follows:

Amending and supplementing Point a Clause 4 Article 6 Circular No. 152/2015/TT-BTC dated October 2, 2015 issued by the Ministry of Finance guiding on natural resources tax as follows:"a) The taxable value of natural resources for natural water used for hydropower production is the average retail electricity price.

The average retail electricity price for calculating the natural resources tax for hydropower production facilities shall be determined according to the average retail electricity price decided by the Ministry of Industry and Trade."This Circular takes effect from December 12, 2016.In the course of implementation, if there are difficulties or obstacles, organizations and individuals are requested to promptly report to the Ministry of Finance for timely research and resolution.

At the proposal of the Department,kt. MINISTER

The Minister of Finance issues the Circular amending and supplementing Point a Clause 4 Article 6 of Circular No. 152/2015/TT-BTC dated October 2, 2015 of the Ministry of Finance guiding on natural resources tax as follows:a) The Ministry of Finance guides on natural resources tax as follows:

Article 1. Amending and supplementing Point a Clause 4 Article 6 of Circular No. 152/2015/TT-BTC dated October 2, 2015 of the Ministry of Finance guiding on natural resources tax as follows:

“a) The taxable value for natural water used to produce hydropower is the average retail price of electricity.

The average retail price of electricity for calculating the natural resources tax for hydropower production facilities shall be determined according to the average retail price of electricity decided by the Ministry of Industry and Trade.”

Article 2.

This Circular takes effect from December 12, 2016.

During implementation, if there are difficulties or obstacles, organizations and individuals are requested to promptly reflect them to the Ministry of Finance for timely research and resolution.