REDUCE THE RETENTION RATE OF ORGANIZATIONS COLLECTING CHARGES FOR APPRAISAL AND EVALUATION OF MINERAL DEPOSITS
On October 21, 2021, the Ministry of Finance issues the Circular No. 91/2021/TT-BTC amending and supplementing a number of articles of the Circular No. 191/2016/TT-BTC dated November 08, 2016 of the Minister of Finance prescribing the rates, collection, remittance, management and use of the charge for appraisal and evaluation of mineral deposits and the fee for grant of mineral activity licenses, and the Circular No. 56/2018/TT-BTC dated June 25, 2018 of the Minister of Finance, prescribing the rates, collection, payment, management and use of charge for appraisal of the environmental impact assessment report by the central agency.
Accordingly, charge-collecting organizations may retain 70% (instead of 90% as in previous regulation) of the collected charge amounts to cover service provision and charge collection expenses and remit 30% of such amounts into the state budget; except for charge-collecting organizations being state agencies that do not have their operating expenses covered by charge amounts.
In addition, for the management and use of charge for appraisal of the environmental impact assessment report by the central agency, charge-collecting organizations being state agencies that have their operating expenses covered by charge collection sources may retain 65% (reduced 35% compared to the rate 90% in previous regulation) of the total amount of actual collected appraisal charges for the appraisal, charge collection and remit the remaining 35% to the state budget.
This Circular takes effect on December 15, 2021.
