Title: Resolution 1084/2015/UBTVQH13 dated December 10, 2015 by the Standing Committee of the National Assembly, promulgating the severance tariff according to the Severance Tariff Frame stipulated in Article 7 of the Law on Severance Tax

Type: Resolution

Issuing Agency: Standing Committee of the National Assembly

Responsible Agency: Relevant Agencies

Issuing Date: 10-12-2015

 

The Resolution No.1084/2015 provides for the severance tariff according to the Severance Tariff Frame stipulated in Article 7 of the Law No.45/2009/QH12 on Severance Tax  which was amended by Law No.71/2014/QH13.

According to the Resolution No.1084/2015, the tax rates for natural resources, except for crude oil and natural gas and coal gas, still comprises of seven groups, including: (i) metallic minerals, (ii) non-metallic mineals, (iii) natural forest products; (iv) natural aquatic resources; (v) natural water; (vi) natural sanests; and (vii) other resources.

The tax rates for natural resources, except for crude oil and natural gas and coal gas, have increased in general, while those for crude oil and natural gas and coal gas remain unchanged.

The Resolution No.1084/2015 becomes effective since July 1, 2016 and replaces Resolution No.712/2013/UBTVQH13 dated December 16, 2013 of the Standing Committee of the National Assembly. 

 

 

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