Conversion coefficient Kqd is determined according to which principle?

18:03, 11/07/2024

The Ministry of Natural Resources and Environment issued Circular No. 38/2017/TT-BTNMT stipulating the conversion method from the resource tax value to determine the price for mineral extraction rights.

The principle of determining the conversion coefficient Kqd in the formula for calculating the price of mineral exploitation rights granted is stipulated in Circular 38 as follows:

- The conversion coefficient Kqd is determined based on the mineral quality or the resource tax price (Gtn) stipulated at point b, clause 1, Article 3 of Circular 38 or the loose expansion coefficient (Hn) stipulated at point e, clause 3, Article 3 of Circular 38;- Cases requiring the determination of the conversion coefficient Kqd are stipulated in Article 4 of this Circular; the case of applying the conversion coefficient Kqd equal to 1 (Kqd = 1) is stipulated in Article 5 of Circular 38;- The determination of the conversion coefficient Kqd for each group, type of mineral is carried out according to the provisions of Article 6, Article 7 of Circular 38;- The conversion coefficient Kqd is rounded and taken to the third decimal place;- The parameters when determining the conversion coefficient Kqd are stipulated in clause 3, Article 3 of Circular 38.

See more related regulations at Circular 38/2017/TT-BTNMT effective from November 30, 2017.

- Thanh Lam -

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