What is the severance tax rate schedule for crude oil, vtv2 trực tiếp bóng đá hôm nay gas, and coal gas in Vietnam?
What are the severance tax-liable objects in Vietnam?
According to Article 2 of theLaw No. 45/2009/QH12 xem bóng(amended by Clause 1, Article 4 of theLaw No. 71/2014/QH13 dated November 26, 2014), the severance tax-liable objects include:
- Metallic minerals.
- Non-metallic minerals.
- Crude oil.
- vtv2 trực tiếp bóng đá hôm nay gas, coal gas.
- vtv2 trực tiếp bóng đá hôm nay forest products, other than animals.
- vtv2 trực tiếp bóng đá hôm nay aquatic products, including marine animals and plants.
- vtv2 trực tiếp bóng đá hôm nay water, including surface water and underground water, except for vtv2 trực tiếp bóng đá hôm nay water used for agriculture, forestry, aquaculture, and salt production.
-vtv2 trực tiếp bóng đá hôm nay swallow's nests.
- Other resources prescribed by the National Assembly Standing Committee.
What is the severance taxrateschedule for crude oil, vtv2 trực tiếp bóng đá hôm nay gas, and coal gas in Vietnam?
The severance tax rates for crude oil, vtv2 trực tiếp bóng đá hôm nay gas, and coal gas are prescribed in the severance tax rate schedule issued withResolution 1084/2015/UBTVQH13as follows:
The severance tax rateschedule for crude oil, vtv2 trực tiếp bóng đá hôm nay gas, and coal gas is specified as follows:
| No. | Production Volume | Tax Rate (%) | |
|---|---|---|---|
| Projects eligible forInvestment Incentive | Other Projects | ||
| For Crude Oil | |||
| 1 | Up to 20,000 barrels/day | 7 | 10 |
| 2 | Over 20,000 barrels to 50,000 barrels/day | 9 | 12 |
| 3 | Over 50,000 barrels to 75,000 barrels/day | 11 | 14 |
| 4 | Over 75,000 barrels to 100,000 barrels/day | 13 | 19 |
| 5 | Over 100,000 barrels to 150,000 barrels/day | 18 | 24 |
| 6 | Over 150,000 barrels/day | 23 | 29 |
| For vtv2 trực tiếp bóng đá hôm nay Gas, Coal Gas | |||
| 1 | Up to 5 million m³/day | 1 | 2 |
| 2 | Over 5 million m³ to 10 million m³/day | 3 | 5 |
| 3 | Over 10 million m³/day | 6 | 10 |
Additionally, the severance tax rates for other types of resources, excluding crude oil, vtv2 trực tiếp bóng đá hôm nay gas, and coal gas, are as follows:
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What is the severance tax rate schedule for crude oil, vtv2 trực tiếp bóng đá hôm nay gas, and coal gas in Vietnam? (Image from the Internet)
What are the regulations on vtv2 trực tiếp bóng đá hôm nay resource output used for severance tax calculationin Vietnam?
Under Article 5 of theLaw No. 45/2009/QH12 xem bóng, the calculation of severance tax is stipulated as follows:
vtv2 trực tiếp bóng đá hôm nay resource output used for severance tax calculation
- For an exploited vtv2 trực tiếp bóng đá hôm nay resource the quantity, weight or volume of which can be determined, the vtv2 trực tiếp bóng đá hôm nay resource output used for royally calculation is the quantity, weight or volume of vtv2 trực tiếp bóng đá hôm nay resource actually exploited in a severance tax period.
- For an exploited vtv2 trực tiếp bóng đá hôm nay resource the quantity, weight or volume of which cannot be determined because this vtv2 trực tiếp bóng đá hôm nay resource contains different substances and impurities, the vtv2 trực tiếp bóng đá hôm nay resource output used for severance tax calculation shall be determined based on the quantity, weight or volume of each substance obtained from sorting and classification.
- For vtv2 trực tiếp bóng đá hôm nay resources which are not sold but used for turning out other products, if their actually exploited quantity, weight or volume cannot be directly determined, the vtv2 trực tiếp bóng đá hôm nay resource output used for severance tax calculation shall be determined based on the output of products turned out in a severance tax period and the use norm of vtv2 trực tiếp bóng đá hôm nay resource per unit of product.
- For vtv2 trực tiếp bóng đá hôm nay water used for hydropower generation, the vtv2 trực tiếp bóng đá hôm nay resource output used for severance tax calculation is the output of electricity sold by a hydropower generation establishment to an electricity buyer under an electricity purchase and sale contract or the output of delivered electricity, in case such contract is unavailable, which is determined according to the metering system up to Vietnam's measurement and quality standards, certified by the purchaser and seller or the deliverer and recipient.
- For vtv2 trực tiếp bóng đá hôm nay mineral water, vtv2 trực tiếp bóng đá hôm nay thermal water and vtv2 trực tiếp bóng đá hôm nay water used for industrial purposes, the vtv2 trực tiếp bóng đá hôm nay resource output used for severance tax calculation shall be determined in cubic meter On1) or liter (I) according to the metering system up to Vietnam's measurement and quality standards.
- For vtv2 trực tiếp bóng đá hôm nay resources exploited on a manual, scattered or mobile, irregular basis, if the planned output of exploited vtv2 trực tiếp bóng đá hôm nay resources in a year is valued at under VNI) 200 million, a fixed output of exploited vtv2 trực tiếp bóng đá hôm nay resources may be determined on a regular or seasonal basis for severance tax calculation.
Tax authorities shall coordinate with local concerned agencies in determining the fixed output of exploited vtv2 trực tiếp bóng đá hôm nay resources for severance tax calculation.
