What is trực tiếp bóng đá k+ formula for determining trực tiếp bóng đá k+ severance tax payable during trực tiếp bóng đá k+ tax period in Vietnam?

What isthe method for determiningthe taxable extraction quantityfor polymetallic ore when trực tiếp bóng đá k+ actual quantity cannot be determinedin Vietnam?

Under Point b, Clause 2, Article 5 ofCircular 152/2015/TT-BTC, trực tiếp bóng đá k+ method for determining trực tiếp bóng đá k+ taxable extraction quantity for polymetallic ore when trực tiếp bóng đá k+ actual quantity cannot be determined is guided as follows:

- If trực tiếp bóng đá k+ quantity or weight of natural resources is not determinable because they contain various substances or impurities, and natural resources are sold after screening and classification, taxable extraction quantity is calculated as follows:

+ If trực tiếp bóng đá k+ substances can be separated, trực tiếp bóng đá k+ taxable extraction quantity is determined according to trực tiếp bóng đá k+ quantity, weight of trực tiếp bóng đá k+ natural resources or each substance obtained after screening and classification.

In case earth, stones, wastes, dregs collected after screening are sold, severance tax on trực tiếp bóng đá k+ quantity of natural resources in trực tiếp bóng đá k+ wastes, dregs sold shall be paid at corresponding severance tax rates.

+ If trực tiếp bóng đá k+ ore extracted contain various substances (polymetallic ore) and trực tiếp bóng đá k+ quantity of each substance cannot be determined after screening and classification, trực tiếp bóng đá k+ taxable extraction quantity of each substance depends on trực tiếp bóng đá k+ actual quantity of extracted ore and ratio of each substance in trực tiếp bóng đá k+ ore. trực tiếp bóng đá k+ ratio of each substance in trực tiếp bóng đá k+ ore is determined according to trực tiếp bóng đá k+ ore sample inspected and approved by competent authorities. In case trực tiếp bóng đá k+ ratio of each substance in trực tiếp bóng đá k+ ore is different than trực tiếp bóng đá k+ ore sample, trực tiếp bóng đá k+ taxable extraction quantity will depend on trực tiếp bóng đá k+ analysis result given by a competent authority.

Example: Enterprise B extracts 1000 tonnes of ore in trực tiếp bóng đá k+ month which contains various substances. According to trực tiếp bóng đá k+ mining license and substance ratio in trực tiếp bóng đá k+ ore sample approved by National Reserve Evaluation Council: copper ore: 60%; silver ore: 0.2%; tin ore: 0.5%.

Taxable quantity of each substance:

- Copper ore: 1,000 tones x 60% = 600 tonnes.

- Silver ore: 1,000 tones x 0.2% = 2 tonnes.

- Tin ore: 1,000 tones x 0.5% = 5 tonnes.

Severance tax shall be calculated according to trực tiếp bóng đá k+ unit price and quantity of each substance in trực tiếp bóng đá k+ ore.

What is trực tiếp bóng đá k+ formula for determining trực tiếp bóng đá k+ severance tax payable during trực tiếp bóng đá k+ tax period in Vietnam? (Image from trực tiếp bóng đá k+ Internet)

What is trực tiếp bóng đá k+ formula for determining trực tiếp bóng đá k+ severance tax payable during trực tiếp bóng đá k+ tax period in Vietnam?

Under trực tiếp bóng đá k+ provisions of Article 4 ofCircular 152/2015/TT-BTC, trực tiếp bóng đá k+ formula for determining trực tiếp bóng đá k+ severance tax payable during trực tiếp bóng đá k+ taxperiod is as follows:

- trực tiếp bóng đá k+ basis for calculating trực tiếp bóng đá k+ severance tax is trực tiếp bóng đá k+ trực tiếp bóng đá k+ taxable extraction quantity, taxableprice, and severance tax rate.

- Determining trực tiếp bóng đá k+ severance tax payable during trực tiếp bóng đá k+ taxperiod

If a joint venture is established among resource-extracting enterprises in Vietnam, which entity is trực tiếp bóng đá k+ severance taxpayer?

Under Article 3 of trực tiếp bóng đá k+Severance Tax Law 2009(amended by Clause 2 Article 67 of trực tiếp bóng đá k+Petroleum Law 2022), trực tiếp bóng đá k+ provisions regarding trực tiếp bóng đá k+ taxpayer are as follows:

Severance tax payers

1. Payers of severance tax are resource-extracting organizations and individuals subject to severance tax, except for exploitation of oil and gas fields, groups of oil fields and blocks according to trực tiếp bóng đá k+ regulations of law on petroleum.

2. In some cases, severance tax payers shall be defined as follows:

a/ For a mining enterprise established on trực tiếp bóng đá k+ basis of joint venture, trực tiếp bóng đá k+ joint-venture enterprise shall pay severance tax:

b/ For Vietnamese and foreign parties to a business cooperation contract to exploit natural resources, trực tiếp bóng đá k+ parties' liability to pay severance tax must be specified in such contract:

c/ In case an exploiter conducts small-scale exploitation of natural resources and sells them to a principal purchaser that has a written commitment or an approval to declare and pay severance tax on trực tiếp bóng đá k+ exploiter's behalf, trực tiếp bóng đá k+ principal purchaser shall pay severance tax.

Furthermore, taxpayers are detailed in Article 3 ofCircular 152/2015/TT-BTCas follows:

Taxpayers

Payers of severance tax (hereinafter referred to as taxpayers) are organizations and individuals (hereinafter referred to as entities) that extract natural resources subject to severance tax mentioned in Article 2 of this Circular.Taxpayers in some particular cases:

1. For mineral extraction, taxpayers are trực tiếp bóng đá k+ organizations and business households granted trực tiếp bóng đá k+ License for mineral extraction by competent authorities.

In case an organization is granted trực tiếp bóng đá k+ license for mineral extraction and permitted to cooperate with other organizations and individuals extracting natural resources, and there are separate regulations on taxpayers, trực tiếp bóng đá k+ taxpayers shall be identified according to such regulations.

In case an organization is granted trực tiếp bóng đá k+ license for mineral extraction and then delegates its affiliates to carry out mineral extraction, each affiliate is a taxpayer.

2. If a joint venture is established among resource-extracting enterprises, trực tiếp bóng đá k+ joint venture is trực tiếp bóng đá k+ taxpayer;

In case a Vietnamese party and a foreign party participate in trực tiếp bóng đá k+ same contract for cooperation in resource extraction, trực tiếp bóng đá k+ obligation to pay tax of each party must be specified in trực tiếp bóng đá k+ contract. Otherwise, all parties must declare and pay severance tax or appoint a representative to pay severance tax.

3. In case an entity is awarded a construction contract and extracts a certain amount of natural resources that is permitted by trực tiếp bóng đá k+ authorities, or trực tiếp bóng đá k+ extraction/use of such natural resources is not contrary to regulations of law on resource extraction, such entity must declare and pay severance tax to trực tiếp bóng đá k+ local tax authority in trực tiếp bóng đá k+ area where natural resources are extracted.

4. Every entity using water from irrigation works for power generation is taxpayer, regardless of sources of capital for trực tiếp bóng đá k+ irrigation works.

In case trực tiếp bóng đá k+ organization managing trực tiếp bóng đá k+ irrigation work supplies water for other entities to produce clean water or water for other purposes (other than power generation), trực tiếp bóng đá k+ organization managing trực tiếp bóng đá k+ irrigation work supplies water is trực tiếp bóng đá k+ taxpayer.

5. In case natural resources that are banned from extraction or illegally extracted are confiscated, subject to severance tax, and permitted to be sold, trực tiếp bóng đá k+ organization assigned to sell such natural resources shall pay severance tax whenever it is incurred to its supervisory tax authority before retaining trực tiếp bóng đá k+ cost of arrest, auction, reward.

Thus,according to trực tiếp bóng đá k+ above regulations, if a joint venture is established among resource-extracting enterprises, trực tiếp bóng đá k+ joint venture is trực tiếp bóng đá k+ taxpayer.