What is xem bóng đá trực tiếp nhà cái severance tax rate applicable to rare earth extraction in Vietnam?
What is xem bóng đá trực tiếp nhà cái severance tax rateapplicable torare earth extraction in Vietnam?
Firstly, according to Article 2 of xem bóng đá trực tiếp nhà cái Severance TaxLaw 2009(amended by Clause 1, Article 4 of xem bóng đá trực tiếp nhà cáiLaw on Amendments to Tax Laws2014), taxable objects are specified as follows:
- 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 xem bóng đá trực tiếp nhà cái National Assembly Standing Committee.
Rare earths fallunder thegroup ofmetallic minerals subject to severance tax.
Additionally, according to Article 7 of xem bóng đá trực tiếp nhà cáiSeverance Tax Law 2009, xem bóng đá trực tiếp nhà cái severance tax rates are stipulated as follows:
- xem bóng đá trực tiếp nhà cái 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 xem bóng đá trực tiếp nhà cáiSeverance Tax Law 2009, xem bóng đá trực tiếp nhà cái National Assembly Standing Committee shall stipulate specific severance tax rates for each category of natural resource in each period on xem bóng đá trực tiếp nhà cái following principles:
+ Ensuring conformity with xem bóng đá trực tiếp nhà cái list of groups and categories of natural resource and within xem bóng đá trực tiếp nhà cái severance tax rate bracket prescribed by xem bóng đá trực tiếp nhà cái National Assembly:
+ Contributing to xem bóng đá trực tiếp nhà cái 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,rare earths fallunder thegroup of metallic minerals.
Therefore, xem bóng đá trực tiếp nhà cái severance tax rateapplicable torare earth extraction in Vietnam is12-25%.
What is xem bóng đá trực tiếp nhà cái severance tax rate applicable to rare earth extraction in Vietnam? (Image from xem bóng đá trực tiếp nhà cái Internet)
What are xem bóng đá trực tiếp nhà cái regulations on xem bóng đá trực tiếp nhà cái declaration and payment of severance tax on rare earth extraction in Vietnam?
Under Article 8 of xem bóng đá trực tiếp nhà cáiSeverance Tax Law 2009, xem bóng đá trực tiếp nhà cái regulation is as follows:
Severance tax declaration and payment
Severance tax payers shall register, declare, calculate and pay severance tax under xem bóng đá trực tiếp nhà cái law on tax administration.
Thus, severance tax payers shall register, declare, calculate and pay severance tax on rare earth extraction under xem bóng đá trực tiếp nhà cái law on tax administration.
What is xem bóng đá trực tiếp nhà cái method for calculating xem bóng đá trực tiếp nhà cái taxable extraction quantity for rare earths that are not sold but used for turning out other products in Vietnam?
According to Clause 3, Article 5 of xem bóng đá trực tiếp nhà cáiSeverance Tax Law 2009, xem bóng đá trực tiếp nhà cái regulations are as follows:
Taxable extraction quantity
1. For an exploited natural resource xem bóng đá trực tiếp nhà cái quantity, weight or volume of which can be determined, xem bóng đá trực tiếp nhà cái taxable extraction quantity is xem bóng đá trực tiếp nhà cái quantity, weight or volume of natural resource actually exploited in a severance tax period.
2. For an exploited natural resource xem bóng đá trực tiếp nhà cái quantity, weight or volume of which cannot be determined because this natural resource contains different substances and impurities, xem bóng đá trực tiếp nhà cái taxable extraction quantity shall be determined based on xem bóng đá trực tiếp nhà cái 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, xem bóng đá trực tiếp nhà cái taxable extraction quantity shall be determined based on xem bóng đá trực tiếp nhà cái output of products turned out in a severance tax period and xem bóng đá trực tiếp nhà cái use norm of natural resource per unit of product.
4. For natural water used for hydropower generation, xem bóng đá trực tiếp nhà cái taxable extraction quantity is xem bóng đá trực tiếp nhà cái output of electricity sold by a hydropower generation establishment to an electricity buyer under an electricity purchase and sale contract or xem bóng đá trực tiếp nhà cái output of delivered electricity, in case such contract is unavailable, which is determined according to xem bóng đá trực tiếp nhà cái metering system up to Vietnam's measurement and quality standards, certified by xem bóng đá trực tiếp nhà cái purchaser and seller or xem bóng đá trực tiếp nhà cái deliverer and recipient.
5. For natural mineral water, natural thermal water and natural water used for industrial purposes, xem bóng đá trực tiếp nhà cái taxable extraction quantity shall be determined in cubic meter On1) or liter (I) according to xem bóng đá trực tiếp nhà cái metering system up to Vietnam's measurement and quality standards.
6. For natural resources exploited on a manual, scattered or mobile, irregular basis, if xem bóng đá trực tiếp nhà cái 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 xem bóng đá trực tiếp nhà cái fixed output of exploited natural resources for severance tax calculation.
xem bóng đá trực tiếp nhà cái Government shall detail this Article.
Thus, for rare earths that are not sold but used for turning out other products in Vietnam, if their actually exploited quantity, weight or volume cannot be directly determined, xem bóng đá trực tiếp nhà cái taxable extraction quantity shall be determined based on xem bóng đá trực tiếp nhà cái output of products turned out in a severance tax period and xem bóng đá trực tiếp nhà cái use norm of natural resource per unit of product.
