Resolution 1084/2015/UBTVQH13 promulgating royalty tariff

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Resolution No. 1084/2015/UBTVQH13 dated December 10, 2015 of the National Assembly Standing Committee on promulgating the royalty tariff

Issuing body:	National Assembly Standing Committee	Effective date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Official number:	1084/2015/UBTVQH13	Signer:	Nguyen Sinh Hung
Type:	Resolution	Expiry date:	Updating
Issuing date:	10/12/2015	Effect status:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Fields:	Tax - Fee - Charge , Natural Resources - Environment

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Effect status: Known

THE NATIONAL ASSEMBLY STANDING COMMITTEE
____________

Resolution No. 1084/2015/UBTVQH13

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
________________

Hanoi, December 10, 2015

RESOLUTION

ON PROMULGATING ROYALTY TARIFF

_______________

THE NATIONAL ASSEMBLY STANDING COMMITTEE
OF THE SOCIALIST REPUBLIC OF VIETNAM

Pursuant to the Constitution of the Socialist Republic of Vietnam;

Pursuant to Law No. 57/2014/QH13 on Organization of the National Assembly;

Pursuant to the Law on Royalties No. 45/2009/QH12, amended and supplemented under the Law No. 71/2014/QH13;

On basis of the Government’s Report No. 458/TTr-CP dated September 29, 2015; Verification Report No. 3161/BC-UBTCNS13 dated December 8, 2015 of the Finance and Budget Committee on the Draft Resolution amending and supplementing Resolution No. 712/2013/UBTVQH13 dated December 16, 2013, of the National Assembly Standing Committee, on promulgating the royalty tariff.

RESOLVES:

Article 1

To promulgate together with this Resolution the Royalty Tariff based on the royalty tariff frame provided in Article 7 of the Law on Royalties No. 45/2009/QH12, which was amended and supplemented under the Law No. 71/2014/QH13.

Article 2

This Decree takes effect on July 1, 2016.

Resolution No. 712/2013/UBTVQH13 dated December 16, 2013, of the National Assembly Standing Committee of the Socialist Republic of Vietnam, on promulgating the royalty tariff ceases to be effective from the effective date of this Resolution./.

ON BEHALF OF THE NATIONAL ASSEMBLY STANDING COMMITTEE
THE CHAIRMAN

Nguyen Sinh Hung

ROYALTY TARIFF

(Attached to Resolution No. 1084/2015/UBTVQH13 dated December 10, 2015, of the National Assembly Standing Committee)

1. Royalty rates for natural resources of all kinds, except for crude oil, natural gas and coal gas:

No.	Group or category of natural resource	Tax rate (%)
I.	Metallic minerals
1	Iron	14
2	Manganese	14
3	Titanium	18
4	Gold	17
5.	Rare earths	18
6	Platinum, silver and tin	12
7	Wolfram and antimony	20
8	Lead and zinc	15
9	Aluminum and bauxite	12
10.	Copper	15
11	Nickel	10
12	Cobalt, molybdenum, mercury, magnesium and vanadium	15
13	Other metallic minerals	15
II	Non-metallic minerals
1	Soil exploited for ground leveling and work construction	7
2	Rock and gravel	10
3	Rock used for lime baking and cement production	10
4	White marble	15
5.	Sand	15
6	Sand used for glass-making	15
7	Soil used for brick-making	15
8	Granite	15
9	Refractory clay	13
10.	Dolomite and quartzite	15
11	Kaolin	13
12	Mica and technical quartz	13
13	Pyrite and phosphorite	10
14	Apatite	8
15	Serpentine	6
16	Underground anthracite coal	10
17	Open-pit anthracite coal	12
18	Lignite and fat coal	12
19	Other coals	10
20	Diamond, ruby and sapphire	27
21	Emerald, alexandrite and precious black opal	25
22	Adrite, rhodonite, pyrope, beryl, spinel and topaz	18
23	Violet, greenish yellow, orange crystalline quartz; cryolite; white, fiery red precious opal; feldspar; turquoise; nephrite	18
24	Other non-metallic minerals	10
III	Natural forest products
1	Timber of group I	35
2	Timber of group II	30
3	Timber of group III	20
4	Timber of group IV	18
5.	Timber of groups V, VI, VII and VIII and of other categories	12
6	Tree branches, tops, stumps and roots	10
7	Firewood	5
8	Bamboo of all kinds	10
9	Sandalwood and calambac	25
10.	Anise, cinnamon, cardamom and liquorice	10
11	Other natural forest products	5
IV	Natural aquatic resources
1	Pearl, abalone and sea-cucumber	10
2	Other natural aquatic resources	2
V	Natural water
1	Natural mineral water, natural thermal water and refined natural water, bottled or canned	10
2	Natural water used for hydropower generation	5
3	Natural water used for production and business activities, except water mentioned at Points 1 and 2 of this Group
3.1	Use of surface water
a	Water used for clean water production	1
b	Water used for other purpose	3
3.2	Use of groundwater
a	Water used for clean water production	5
b	Water used for other purpose	8
VI	Natural swallow nests	20
VII	Other resources	10

2. Royalty rates for crude oil, natural gas and coal gas:

No.	Exploited output	Tax rate (%)
No.	Exploited output	Projects eligible for investment incentives	Other projects
I.	For crude oil
1	Up to 20,000 barrels/day	7	10.
2	Between over 20,000 barrels/day and 50,000 barrels/day	9	12
3	Between over 50,000 barrels/day and 75,000 barrels/day	11	14
4	Between over 75,000 barrels/day and 100,000 barrels/day	13	19
5.	Between over 100,000 barrels/day and 150,000 barrels/day	18	24
6	Over 150,000 barrels/day	23	29
II	For natural gas and coal gas
1	Up to 5 million m³/ day	1	2
2	From over 5 million m³/day to10 million m³ /day	3	5.
3	Over 10 million m³ /day	6	10.