Application of the Price Framework for Computing Natural Resource Tax with Similar Chemical and Physical Properties

Circular 44 stipulates the basis for the Resource Tax Calculation Price Framework. The Provincial People's Committee issues the Resource Tax Calculation Price Table applicable in the locality, ensuring the following principles:

- The resource code on the Resource Tax Calculation Price Table must have corresponding levels to the price framework.- The resource code and name on the Resource Tax Calculation Price Table must belong to one of the groups, kinds of resources from level 3 to level 5 in the price framework.

In cases where the Resource Tax Calculation Price Table stipulates the tax calculation price of resources in more detail than the resource groups mentioned in the price framework, it shall be detailed at the next level and numbered according to the resource coding principle. Detailed resources of level 5 shall be recorded in level 6.

- The unit of resource tax calculation on the Resource Tax Calculation Price Table shall be the unit of the corresponding resource group or type stipulated in the Resource Tax Calculation Price Framework. In case a different unit is generated locally compared to the unit in the Resource Tax Calculation Price Table, it shall be converted to the unit stipulated in the Resource Tax Calculation Price Table.- The resource tax calculation price on the Resource Tax Calculation Price Table must conform to the Resource Tax Calculation Price Framework and be equal to or greater than the minimum price level of the corresponding resource group or type stipulated in the Resource Tax Calculation Price Framework.

Particularly for types of resources that are not sold directly but have to undergo production and processing into industrial products before being sold, the resource tax calculation price is the price after deducting processing costs but must still be within the Resource Tax Calculation Price Framework.

See details at Circular 44/2017/TT-BTC, effective from July 1, 2017.

-Thao Uyen-

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