How much is trực tiếp bóng đá hôm nay euro severance tax imposed on diamond mining in Vietnam?
How much is trực tiếp bóng đá hôm nay euro severance tax imposed on diamond mining in Vietnam?
First, based on Article 2 of trực tiếp bóng đá hôm nay euro2009 Law on severance tax(amended by Clause 1, Article 4 of trực tiếp bóng đá hôm nay euro2014 Law on Amendments to Tax Laws), trực tiếp bóng đá hôm nay euro taxable subjects are defined as follows:
- Metallic minerals.
- Non-metallic minerals.
- Crude oil.
- Natural gas, coal gas.
- Natural forest products, excluding animals.
- Natural aquatic products, including marine animals and plants.
- Natural water, including surface water and groundwater, excluding natural water used for agriculture, forestry, fishery, and salt production.
- Natural bird nests.
- Other natural resources as prescribed by trực tiếp bóng đá hôm nay euro Standing Committee of trực tiếp bóng đá hôm nay euro National Assembly.
Since diamonds belong to trực tiếp bóng đá hôm nay euro group of metallic minerals, diamond mining is subject to severance tax.
Additionally, based on Article 7 of trực tiếp bóng đá hôm nay euro2009 Law on severance tax, trực tiếp bóng đá hôm nay euro tax rates are defined as follows:
- trực tiếp bóng đá hôm nay euro tax rate schedule for natural resources is stipulated as follows:
| Group | Name | (%) |
| I | Metallic minerals | |
| 1 | Iron, manganese | 7 - 20 |
| 2 | Titanium | 7 - 20 |
| 3 | Gold | 9 - 25 |
| 4 | Rare earth | 12 - 25 |
| 5 | Platinum, silver, tin | 7 - 25 |
| 6 | Wolfram, antimony | 7 - 25 |
| 7 | Lead, zinc, aluminum, bauxite, copper, nickel | 7 - 25 |
| 8 | Cobalt, molybdenum, mercury, magnesium, vanadium | 7 - 25 |
| 9 | Other metallic minerals | 5 - 25 |
| II | Non-metallic minerals | |
| 1 | Soil for filling or construction | 3 - 10 |
| 2 | Stone, excluding stone for lime production and cement; gravel; sand, excluding sand for glass production | 5 - 15 |
| 3 | Soil for brick production | 5 - 15 |
| 4 | Granite, refractory clay | 7 - 20 |
| 5 | Dolomite, quartzite | 7 - 20 |
| 6 | Kaolin, mica, technical quartz, sand for glass | 7 - 15 |
| 7 | Pyrite, phosphorite, stone for lime production and cement | 5 - 15 |
| 8 | Apatite, serpentinite | 3 - 10 |
| 9 | Anthracite coal underground | 4 - 20 |
| 10 | Surface anthracite coal | 6 - 20 |
| 11 | Brown coal, fatty coal | 6 - 20 |
| 12 | Other coal | 4 - 20 |
| 13 | Diamonds, rubies, sapphires | 16 - 30 |
| 14 | Emeralds, alexandrites, black opals | 16 - 30 |
| 15 | Rhodolite, pyrope, beryl, spinel, topaz | 12 - 25 |
| 16 | Amethyst, citrine, orange quartz; cryolite; white, fiery red opals; feldspar; turquoise; nephrite | 12 - 25 |
| 17 | Other non-metallic minerals | 4 - 25 |
| III | Crude oil | 6 - 40 |
| IV | Natural gas, coal gas | 1 - 30 |
| V | Natural forest products | |
| 1 | Group I timber | 25 - 35 |
| 2 | Group II timber | 20 - 30 |
| 3 | Group III, IV timber | 15 - 20 |
| 4 | Group V, VI, VII, VIII timber and other types of timber | 10 - 15 |
| 5 | Branches, tops, roots | 10 - 20 |
| 6 | Firewood | 1 - 5 |
| 7 | Bamboo, rattan, and other forest products | 10 - 15 |
| 8 | Agarwood, ky nam | 25 - 30 |
| 9 | Anise, cinnamon, cardamom | 10 - 15 |
| 10 | Other natural forest products | 5 - 15 |
| VI | Natural marine products | |
| 1 | Pearls, abalones, sea cucumbers | 6 - 10 |
| 2 | Other natural marine products | 1 - 5 |
| VII | Natural water | |
| 1 | Natural mineral water, natural hot water, natural water purified and bottled | 8 - 10 |
| 2 | Natural water used for hydroelectric production | 2 - 5 |
| 3 | Natural water used for production and business, except for trực tiếp bóng đá hôm nay euro water specified at points 1 and 2 of this group | |
| 3.1 | Surface water | 1 - 3 |
| 3.2 | Groundwater | 3 - 8 |
| VIII | Natural bird nests | 10 - 20 |
| IX | Other natural resources | 1 - 20 |
- trực tiếp bóng đá hôm nay euro specific tax rates for crude oil, natural gas, and coal gas are determined progressively by trực tiếp bóng đá hôm nay euro average daily production of crude oil, natural gas, and coal gas.
- Based on trực tiếp bóng đá hôm nay euro provisions of Clauses 1 and 2 of this Article, trực tiếp bóng đá hôm nay euro Standing Committee of trực tiếp bóng đá hôm nay euro National Assembly stipulates specific tax rates for each type of resource in each period to ensure trực tiếp bóng đá hôm nay euro following principles:
+ Compliant with trực tiếp bóng đá hôm nay euro list of groups and types of resources and within trực tiếp bóng đá hôm nay euro tax rate schedule prescribed by trực tiếp bóng đá hôm nay euro National Assembly;
+ Contributing to state management of resources; ensuring rational, economical, and efficient exploitation and use of resources;
+ Contributing to ensuring state budget revenue and market stability.
Thus,referring to trực tiếp bóng đá hôm nay euro above tax rate schedule, diamond mining, which falls under trực tiếp bóng đá hôm nay euro category of metallic minerals, is subject to a tax rate of 16-30%.
How much is trực tiếp bóng đá hôm nay euro severance tax imposed on diamond mining in Vietnam? (Image from Internet)
What is trực tiếp bóng đá hôm nay euro basis for calculating trực tiếp bóng đá hôm nay euro severance tax when mining diamonds in Vietnam?
According to Article 4 of trực tiếp bóng đá hôm nay euro2009 Law on severance tax, it is prescribed as follows:
Basis for tax calculation
trực tiếp bóng đá hôm nay euro basis for calculating trực tiếp bóng đá hôm nay euro severance tax is trực tiếp bóng đá hôm nay euro taxable resource output, taxable price, and tax rate.
Thus,trực tiếp bóng đá hôm nay euro basis for calculating trực tiếp bóng đá hôm nay euro severance tax when mining diamonds will be determined by trực tiếp bóng đá hôm nay euro taxable resource output, taxable price, and tax rate.
How to calculate trực tiếp bóng đá hôm nay euro mining output for diamond severance tax in Vietnam?
According to Article 5 of trực tiếp bóng đá hôm nay euro2009 Law on severance tax, it is prescribed as follows:
Taxable resource output
1. For resources with identifiable quantity, weight, or volume, trực tiếp bóng đá hôm nay euro taxable resource output is trực tiếp bóng đá hôm nay euro actual quantity, weight, or volume of trực tiếp bóng đá hôm nay euro resource extracted during trực tiếp bóng đá hôm nay euro tax period.
2. For resources with unidentifiable quantity, weight, or volume due to containing various substances and impurities, trực tiếp bóng đá hôm nay euro taxable resource output is determined based on trực tiếp bóng đá hôm nay euro identifiable quantity, weight, or volume of each substance obtained after screening and sorting.
3. For resources that are not sold but are used for trực tiếp bóng đá hôm nay euro production of other products, if trực tiếp bóng đá hôm nay euro actual quantity, weight, or volume of trực tiếp bóng đá hôm nay euro extracted resource cannot be directly determined, trực tiếp bóng đá hôm nay euro taxable resource output is determined based on trực tiếp bóng đá hôm nay euro output of products produced during trực tiếp bóng đá hôm nay euro tax period and trực tiếp bóng đá hôm nay euro resource consumption rate per unit of product.
4. For natural water used for hydroelectric production, trực tiếp bóng đá hôm nay euro taxable resource output is trực tiếp bóng đá hôm nay euro electricity output sold by trực tiếp bóng đá hôm nay euro hydroelectric plant to trực tiếp bóng đá hôm nay euro buyer according to trực tiếp bóng đá hôm nay euro electricity purchase contract or trực tiếp bóng đá hôm nay euro electricity output delivered in trực tiếp bóng đá hôm nay euro absence of an electricity purchase contract, determined according to trực tiếp bóng đá hôm nay euro measurement system meeting Vietnamese quality measurement standards, certified by trực tiếp bóng đá hôm nay euro buyer, seller, deliverer, or receiver.
5. For natural mineral water, natural hot water, and natural water used for industrial purposes, trực tiếp bóng đá hôm nay euro taxable resource output is determined in cubic meters (m³) or liters (l) according to trực tiếp bóng đá hôm nay euro measurement system meeting Vietnamese quality measurement standards.
6. For resources extracted manually, scatteringly, or intermittently with an annual estimated extraction value below 200,000,000 VND, trực tiếp bóng đá hôm nay euro resource output for tax calculation is fixed seasonally or periodically. trực tiếp bóng đá hôm nay euro tax authorities cooperate with relevant local agencies to determine trực tiếp bóng đá hôm nay euro fixed resource output for tax calculation.
trực tiếp bóng đá hôm nay euro Government of Vietnam provides detailed regulations for this Article.
Thus,for natural diamond mineral resources, which are very rare, trực tiếp bóng đá hôm nay euro calculation will be based on two cases:
[1]If trực tiếp bóng đá hôm nay euro quantity, weight, or volume of extracted diamonds can be identified, trực tiếp bóng đá hôm nay euro taxable resource output is trực tiếp bóng đá hôm nay euro actual quantity, weight, or volume of diamonds extracted during trực tiếp bóng đá hôm nay euro tax period.
[2]If trực tiếp bóng đá hôm nay euro quantity, weight, or volume of extracted diamonds cannot be immediately identified due to trực tiếp bóng đá hôm nay euro presence of various substances and impurities, trực tiếp bóng đá hôm nay euro taxable resource output is determined based on trực tiếp bóng đá hôm nay euro identifiable quantity, weight, or volume of each substance obtained after screening and sorting.
