PRICE USED FOR CALCULATING FEES FOR GRANTING THE MINERAL RIGHT
Methods for conversion from taxable price of resource royalty for determining price used for calculating fees for granting the mineral right issued by the Ministry of Natural Resources and Environment at the Circular No. 38/2017/TT-BTNMT dated October 16, 2017.
In accordance with the Circular, price used for calculating fees for granting the mineral right which is converted from the taxable price of resource royalty (hereinafter referred to as “taxable price”) in accordance with regulations of law on resource royalty at the time of calculation of fee for granting the mineral right (unit: VND/unit of mineral reserve). Within that: the taxable price which is issued by the People's Committee of a province and is applicable at the time of
calculation of fee for granting the mineral right (unit: VND/unit of resources); the coefficient of conversion from the taxable price (unit: VND/unit of resources) to price used for calculating fee for granting the mineral right.
The coefficient of conversion will equal 1 if the taxable price list issued by the People's Committee of the province contains prices of crude minerals, for example, ashlars, mineral water, crude coal; crude kaolin. The taxable price issued by the People's Committee of the province contains prices determined according to metal ores and corresponding to the metal reserve specified in the license to extract minerals.
This Circular takes effect on November 30, 2017.
