What is đá bóng trực tiếp method of determining đá bóng trực tiếp severance taxable extraction weight of gold in Vietnam?
What is đá bóng trực tiếp method of determining đá bóng trực tiếp severance taxable extraction weight of goldin Vietnam?
Under Article 5 of đá bóng trực tiếpSeverance Tax Law 2009, đá bóng trực tiếp regulations are as follows:
Natural resource output used for severance tax calculation
1. For an exploited natural resource đá bóng trực tiếp quantity, weight or volume of which can be determined, đá bóng trực tiếp natural resource output used for royally calculation is đá bóng trực tiếp quantity, weight or volume of natural resource actually exploited in a severance tax period.
2. For an exploited natural resource đá bóng trực tiếp quantity, weight or volume of which cannot be determined because this natural resource contains different substances and impurities, đá bóng trực tiếp natural resource output used for severance tax calculation shall be determined based on đá bóng trực tiếp quantity, weight or volume of each substance obtained from sorting and classification.
3. For natural resources which are not sold but used for turning out other products, if their actually exploited quantity, weight or volume cannot be directly determined, đá bóng trực tiếp natural resource output used for severance tax calculation shall be determined based on đá bóng trực tiếp output of products turned out in a severance tax period and đá bóng trực tiếp use norm of natural resource per unit of product.
4. For natural water used for hydropower generation, đá bóng trực tiếp natural resource output used for severance tax calculation is đá bóng trực tiếp output of electricity sold by a hydropower generation establishment to an electricity buyer under an electricity purchase and sale contract or đá bóng trực tiếp output of delivered electricity, in case such contract is unavailable, which is determined according to đá bóng trực tiếp metering system up to Vietnam's measurement and quality standards, certified by đá bóng trực tiếp purchaser and seller or đá bóng trực tiếp deliverer and recipient.
5. For natural mineral water, natural thermal water and natural water used for industrial purposes, đá bóng trực tiếp natural resource output used for severance tax calculation shall be determined in cubic meter On1) or liter (I) according to đá bóng trực tiếp metering system up to Vietnam's measurement and quality standards.
6. For natural resources exploited on a manual, scattered or mobile, irregular basis, if đá bóng trực tiếp planned output of exploited natural resources in a year is valued at under VNI) 200 million, a fixed output of exploited natural resources may be determined on a regular or seasonal basis for severance tax calculation. Tax offices shall coordinate with local concerned agencies in determining đá bóng trực tiếp fixed output of exploited natural resources for severance tax calculation.
đá bóng trực tiếp Government shall detail this Article.
Therefore, according to đá bóng trực tiếp regulations above, đá bóng trực tiếp severance taxableextraction weight of gold shall follow đá bóng trực tiếp weight of gold extracted.
What is đá bóng trực tiếp method of determining đá bóng trực tiếp severance taxable extraction weight of gold in Vietnam? (Image from đá bóng trực tiếp Internet)
What does đá bóng trực tiếp application for reduction of severance tax due to an expected accident while gold extraction in Vietnam include?
Under Clause 2, Article 56 ofCircular 80/2021/TT-BTC,đá bóng trực tiếp application for reduction of severance tax due to an expected accident while gold extraction in Vietnam includes:
- đá bóng trực tiếp application form No. 01/MGTH in Appendix I hereof;
- A document confirming đá bóng trực tiếp accident issued by a police authority, or a document confirming đá bóng trực tiếp taxpayer's injuries issued a health authority;
- Documents about provision of indemnity by đá bóng trực tiếp insurer or compensation agreement with đá bóng trực tiếp person that caused đá bóng trực tiếp conflagration (if any);
- Documents on payments for đá bóng trực tiếp costs of đá bóng trực tiếp accident.
What is đá bóng trực tiếp severance tax rate applicable to gold in Vietnam?
According to Article 2 of đá bóng trực tiếpLaw No. 45/2009/QH12 xem bóng(amended by Clause 1, Article 4 of đá bóng trực tiếpLaw No. 71/2014/QH13 dated November 26, 2014), đá bóng trực tiếp severance tax-liable objects include:
- Metallic minerals.
- Non-metallic minerals.
- Crude oil.
- Natural gas, coal gas.
- Natural forest products, other than animals.
- Natural aquatic products, including marine animals and plants.
- Natural water, including surface water and underground water, except for natural water used for agriculture, forestry, aquaculture, and salt production.
-Natural swallow's nests.
- Other resources prescribed by đá bóng trực tiếp National Assembly Standing Committee.
Gold falls under đá bóng trực tiếp category of metallic minerals, thus gold is subject to resource tax.
According to Article 7 of đá bóng trực tiếpseverance tax Law 2009, đá bóng trực tiếp severance tax rates are stipulated as follows:
- đá bóng trực tiếp frame severance tax tariff is specified below:
|
No. |
Group or category of natural resource |
Severance tax rate (%) |
|
I |
Metallic minerals |
|
|
1 |
Iron and manganese |
7-20 |
|
2 |
Titan |
7-20 |
|
3 |
Gold |
9-25 |
|
4 |
Rare earths |
12-25 |
|
5 |
Platinum, silver and tin |
7-25 |
|
6 |
Wolfram and antimony |
7-25 |
|
7 |
Lead, zinc, aluminum, bauxite, copper and nickel |
7-25 |
|
8 |
Cobalt, molybdenum, mercury, magnesium and vanadium |
7-25 |
|
9 |
Other metallic minerals |
5-25 |
|
II |
Non-metallic minerals |
|
|
1 |
Soil exploited for ground leveling and work construction |
3-10 |
|
2 |
Rock, except rock used for lime baking and cement production; gravel; sand, except sand used for glass-making |
5-15 |
|
3 |
Soil used for brick-making |
5-15 |
|
4 |
Granite and refractory clay |
7-20 |
|
5 |
Dolomite and quartzite |
7-20 |
|
6 |
Kaolin, mica, technical quartz, and sand used for glass-making |
7-15 |
|
7 |
Pyrite, phosphorite, and stone for lime baking and cement production |
5-15 |
|
8 |
Apatite and serpentine |
3-10 |
|
9 |
Pit anthracite coal |
4-20 |
|
10 |
Open-cast anthracite coal |
6-20 |
|
11 |
Lignite and fat coal |
6-20 |
|
12 |
Other coals |
4-20 |
|
13 |
Diamond, ruby and sapphire |
16-30 |
|
14 |
Emerald, alexandrite and black precious opal |
16-30 |
|
15 |
Adrite, rodolite, pyrope, berine. Spinel and topaz |
12-25 |
|
16 |
Bluish-purple, greenish-yellow or orange crystalline quartz; chrysolite; white or scarlet precious opal; feldspar; birusa; and nephrite |
12-25 |
|
17 |
Other non-metallic minerals |
4-25 |
|
III |
Crude oil |
6-40 |
|
IV |
Natural gas and coal gas |
1-30 |
|
V |
Natural forest products |
|
|
1 |
Timber of group I |
25-35 |
|
2 |
Timber of group II |
20-30 |
|
3 |
Timber of groups III and IV |
15-20 |
|
4 |
Timber of groups V, VI, VII and VIII and of other categories |
10-15 |
|
5 |
Tree branches, tops, stumps and roots |
10-20 |
|
6 |
Firewood |
1-5 |
|
7 |
Bamboo of all kinds |
10-15 |
|
8 |
Sandalwood and calambac |
25-30 |
|
9 |
Anise, cinnamon, cardamom and liquorice |
10-15 |
|
10 |
Other natural forest products |
5-15 |
|
Natural aquatic resources |
||
|
1 |
Pearl, abalone and sea-cucumber |
6-10 |
|
2 |
Other natural aquatic resources |
1-5 |
|
VII |
Natural water |
|
|
1 |
Natural mineral water, natural thermal water and refined natural water, bottled or tinned |
8-10 |
|
2 |
Natural water used for hydropower generation |
2-5 |
|
3 |
Natural water used for production and business activities, except water mentioned at Points 1 and 2 of this group |
|
|
3.1 |
.Surface water |
1-3 |
|
3.2 |
Groundwater |
3-8 |
|
VIII |
Natural swallow's nests |
10-20 |
|
IX |
Other resources |
1-20 |
- Specific severance tax rates for crude oil. natural gas and coal gas shall be determined as partially progressive based on their daily exploited average output.
- Under Clauses 1 and 2 of Article 7 of đá bóng trực tiếpseverance tax Law 2009, đá bóng trực tiếp National Assembly Standing Committee shall stipulate specific severance tax rates for each category of natural resource in each period on đá bóng trực tiếp following principles:
+ Ensuring conformity with đá bóng trực tiếp list of groups and categories of natural resource and within đá bóng trực tiếp severance tax rate bracket prescribed by đá bóng trực tiếp National Assembly:
+ Contributing to đá bóng trực tiếp state management of natural resources; protection, exploitation and rational, economical and effective use of natural resources:
+ Contributing to assuring state budget revenues and market stabilization.
Thus,đá bóng trực tiếp severance tax rate applicable to gold in Vietnam is 9-25%
