List of prices for calculating resource royalty in the year 2025 issued in Quang Nam province?

List of prices for calculating resource royalty in the year 2025 issued in Quang Nam province?

On December 31, 2024, the People's Committee of Quang Nam Province issued Decision No. 3332/QD-UBND regarding the prices for calculating resource royalty in 2025 for the area of Quang Nam Province. This decision will be effective from January 1, 2025.

Download the prices for calculating resource royalty in 2025 in Quang Nam Province

The prices for calculating resource royalty in 2025 in Quang Nam Province includes the following valuation tables:

- Download: Tax valuation table for metallic minerals: Appendix I

- Download: Tax valuation table for non-metallic minerals: Appendix II

- Download: Tax valuation table for natural forest products: Appendix III

- Download: Tax valuation table for natural seafood: Appendix IV

- Download: Tax valuation table for natural water: Appendix V

- Download: Tax valuation table for natural bird's nests: Appendix VI

- Download: Tax valuation table for other resources: Appendix VII

List of prices for calculating resource royalty in the year 2025 issued in Quang Nam province? (Image from the Internet)

Which types of resoure are subject to the resource royalty in Vietnam?

According to Article 2 of the Law on resource royalty 2009, amended by Clause 1, Article 4 of the Law on Amendments of Tax Laws 2014, entities subject to the resource royalty include:

- Metallic minerals.

- Non-metallic minerals.

- Crude oil.

- Natural gas and coal gas.

- Products from natural forests, excluding animals.

- Natural seafood, including marine animals and plants.

- Natural water, including surface water and groundwater, excluding natural water used for agriculture, forestry, fishery, and salt production.

- Natural bird's nests.

- Other resources as prescribed by the Standing Committee of the National Assembly.

How is the natural resource output determined in Vietnam?

According to Article 5 of the Law on resource royalty 2009, the natural resource output is determined as follows:

- For extracted resources with identifiable quantities, weight, or volume, the taxable resource output is the actual quantity, weight, or volume of resources extracted during the tax period.

- For extracted resources whose actual quantity, weight, or volume cannot be determined due to different materials, the taxable resource output is determined based on the quantity, weight, or volume obtained after selective sifting and classification.

- For resources extracted for use in the production of other products without direct determination of the actual extracted quantity, weight, or volume, the taxable resource output is based on the quantity of products produced during the tax period and the resource usage norm per unit of product.

- For natural water used in hydropower production, the taxable resource output is the electricity output sold to the purchaser as per purchase and sale contracts, or in the absence of a contract, determined according to the Vietnamese standard measurement system, with confirmation from the buyer and seller or parties involved in delivery and receipt.

- For natural mineral water, natural hot water, and natural water used for industrial purposes, the taxable resource output is determined in cubic meters (m³) or liters (l) according to the Vietnamese standard measurement system.

- For resources extracted manually, in dispersed locations, or in mobile, intermittent extractions, where the estimated annual extraction value is less than 200,000,000 dong, a fixed quota for extracted resources is used for taxation based on seasonal or periodic calculations. The tax authority collaborates with local relevant agencies to determine the extracted resource quotas for tax calculation.

How is the price for calculating resource royalty determined?

As stipulated in Article 6 of the Law on resource royalty 2009, the price for calculating resource royalty is determined as follows:

(1) The price for calculating resource royalty is the selling price of a unit of resource product of the organization or individual extracting resources, excluding value-added tax.

(2) In cases where the resource price is not determined, the price for calculating resource royalty is determined based on:

- The actual selling price on the regional market for similar resource unit products but not less than the tax valuation set by the provincial People's Committee.

- In cases where the extracted resource contains various different materials, the tax valuation is determined by the unit price of each material and its concentration in the extracted resource, but not less than the tax rate specified by the provincial People's Committee.

(3) Specific tax valuations for certain cases include:

- For natural water used for hydropower production, it is the average commercial electricity selling price.

- For timber, it is the selling price at the delivery yard; if the delivery yard price is not available, the tax valuation is determined according to the provincial People's Committee's tax rate.

- For extracted resources not consumed domestically but exported, it is the export price.

- For crude oil, natural gas, and coal gas, it is the selling price at the delivery point—the point agreed in the petroleum contract where the ownership is transferred to the contract parties.

(4) The provincial People's Committee specifies the tax valuation for resources without a determined unit selling price, except for crude oil, natural gas, coal gas, and natural water used for hydropower production.