Decree No. 22/2009/NDCM promulgates the Law on Mineral Resources Tax which was adopted by the National Assembly on November 25, 2009, applicable to organizations and individuals involved in mineral resources tax activities.
Key points
- Businesses and organizations → must comply with the provisions on mineral resources tax under the Law on Mineral Resources Tax
- This Law applies to activities related to the exploitation and utilization of natural resources such as oil, gas, coal, minerals, underground water, forest land, protective forests, and special-use forests.
- The taxpayers are enterprises, economic organizations, and individuals engaged in the exploitation and utilization of natural resources.
- The tax rate is determined as a percentage of the value obtained from the exploitation and utilization of natural resources.
- The tax payment deadline is fifteen days from the end of the tax period.
🌐 Social impact of this document
- Positive impact: Increase revenue for the state budget through taxation on activities related to the exploitation and utilization of natural resources.
- Negative impact: May increase production and business costs for enterprises and individuals engaged in the exploitation and utilization of natural resources.
❓ Frequently asked questions
Who is subject to the mineral resources tax?
The mineral resources tax is applied to businesses and individuals engaged in the exploitation and utilization of natural resources such as oil, gas, coal, minerals, underground water, forest land, protective forests, and special-use forests.
What is the specific tax rate?
The tax rate is determined as a percentage of the value obtained from the exploitation and utilization of natural resources. The specific tax rate will be detailed in the Law on Mineral Resources Tax.
What is the tax payment deadline?
The tax payment deadline is fifteen days from the end of the tax period, according to the Law on Mineral Resources Tax.
What types of taxes are included in the Law on Mineral Resources Tax?
The Law on Mineral Resources Tax applies various types of taxes to activities related to the exploitation and utilization of natural resources such as oil, gas, coal, minerals, underground water, forest land, protective forests, and special-use forests.
Are there any provisions for tax exemptions or reductions in the Law on Mineral Resources Tax?
The Law on Mineral Resources Tax does not include provisions for tax exemptions or reductions. Details regarding tax exemptions or reductions will be specified in legal documents.
Full text
ORDER
Regarding the promulgation of the Law
__________
PRESIDENT OF THE SOCIALIST REPUBLIC OF VIET NAM
Pursuant to Article 103 and Article 106 of the Constitution of the Socialist Republic of Vietnam in 1992, amended and supplemented by Resolution No. 51/2001/QH10 dated December 25, 2001 of the Tenth National Assembly, tenth session;
Pursuant to Article 91 of the Law on the Organization of the National Assembly;
On the basis of Article 57 of the Law on Enacting Regulatory Legal Documents;
NOW PROMULGATE
Law on Mineral Resources Tax
Adopted by the Twelfth National Assembly, sixth session of the Socialist Republic of Vietnam on November 25, 2009./.
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