What are the 07 cases of severance tax exemption vtv5 trực tiếp bóng đá hôm nay reduction in Vietnam?

What are the 07 cases of severance tax exemption vtv5 trực tiếp bóng đá hôm nay reduction in Vietnam?

Pursuant to the provisions of Article 9 of theLaw on Severance Tax 2009(amended by Clause 2, Article 4 of theLaw Amending the Tax Laws 2014),cases of severance tax exemption vtv5 trực tiếp bóng đá hôm nay reduction in Vietnaminclude:

[1]Severance tax payers that encounter natural disasters, fires or unexpected accidents, causing losses of natural resources for which severance tax have been declared vtv5 trực tiếp bóng đá hôm nay paid, may be considered for exemption from or reduction of payable severance tax for the lost volumes of natural resources. The paid severance tax amount will be refunded or cleared against the subsequent period's payable severance tax amount.

[2]Severance tax are exempted for natural aquatic resources.

[3]Severance tax are exempted for tree branches vtv5 trực tiếp bóng đá hôm nay tops, firewood vtv5 trực tiếp bóng đá hôm nay bamboo of all kinds which individuals are permitted to exploit for their daily-life needs.

[4]Severance tax are exempted for natural water used for hydropower generation by households vtv5 trực tiếp bóng đá hôm nay individuals for their daily-life needs.

[5]Tax on natural water used by households vtv5 trực tiếp bóng đá hôm nay individuals for their everyday life is exempt..

[6]Severance tax are exempted for soil exploited vtv5 trực tiếp bóng đá hôm nay used right on allocated vtv5 trực tiếp bóng đá hôm nay leased land areas; vtv5 trực tiếp bóng đá hôm nay soil exploited for ground leveling vtv5 trực tiếp bóng đá hôm nay construction of security vtv5 trực tiếp bóng đá hôm nay military works vtv5 trực tiếp bóng đá hôm nay dikes.

[7]Others cases eligible for severance tax exemption or reduction as prescribed by the National Assembly Standing Committee.

What are the 07 cases of severance tax exemption vtv5 trực tiếp bóng đá hôm nay reduction in Vietnam? (Image from the Internet)

Which authority issues the severance taxable price schedule in Vietnam?

The severance taxable price schedule is stipulated in Clause 5, Article 6 ofCircular 152/2015/TT-BTCas follows:

Taxable prices of natural resources

...

dd) Tax authority shall inspect vtv5 trực tiếp bóng đá hôm nay impose taxes upon entities extracting natural resources that do not fully comply with regulations on bookkeeping. In this case, taxable extraction quantity shall depend on the inspection result; taxable prices are those imposed by the People’s Committee of the province in that period.

5. The People’s Committees of provinces shall issue a new taxable price schedule annually as follows:

5.1. The taxable price schedule shall contain information as the basis for determination of severance tax on extraction of natural resources in the province in accordance with policies vtv5 trực tiếp bóng đá hôm nay law, including: norms for use of natural resources as the basis for conversion from natural resource-derived products or industrial products into quantity of extracted natural resources in the natural resource-derived products vtv5 trực tiếp bóng đá hôm nay industrial products; corresponding taxable prices of extracted natural resources vtv5 trực tiếp bóng đá hôm nay natural resource-derived products, where:

a) Norms for use of natural resources as the basis for conversion from natural resource-derived products or industrial products into quantity of extracted natural resources in the natural resource-derived products vtv5 trực tiếp bóng đá hôm nay industrial products of enterprises in the province are determined according to the enterprises’ declaration vtv5 trực tiếp bóng đá hôm nay must be consistent with the reports made by other agencies vtv5 trực tiếp bóng đá hôm nay organizations in terms of content, quality, extraction quantity, extraction methods, vtv5 trực tiếp bóng đá hôm nay ratio of obtainment in the province where natural resources are extracted;

...

Thus, the provincial People's Committee shall issue a new taxable price schedule to be implemented for the immediately following year. The taxable price schedule is issued annually.

What isthe frame severance tax tariffin Vietnam?

Pursuant to Article 7 of theLaw on Severance Tax 2009, the severance tax rates are specified as follows:

- The frame severance tax tariff is specified below:

- Specific severance tax rates for crude oil. natural gas vtv5 trực tiếp bóng đá hôm nay coal gas shall be determined as partially progressive based on their daily exploited average output.

- Pursuant to Clauses 1 vtv5 trực tiếp bóng đá hôm nay 2 of this Article, the National Assembly Standing Committee shall stipulate specific severance tax rates for each category of natural resource in each period on the following principles:

+ Ensuring conformity with the list of groups vtv5 trực tiếp bóng đá hôm nay categories of natural resource vtv5 trực tiếp bóng đá hôm nay within the severance tax rate bracket prescribed by the National Assembly:

+ Contributing to the state management of natural resources; protection, exploitation vtv5 trực tiếp bóng đá hôm nay rational, economical vtv5 trực tiếp bóng đá hôm nay effective use of natural resources:

+ Contributing to assuring state budget revenues vtv5 trực tiếp bóng đá hôm nay market stabilization.