What is the Form 01/DCDB-VSP - Declaration form for amendments to special tax on natural gas in Vietnam in 2025?

What is the Form 01/DCDB-VSP - Declaration form for amendments to special tax on natural gas in Vietnam in 2025?

Currently, the Declaration form for amendments to special tax on natural gas is applied according to Form 01/DCDB-VSP stipulated in Appendix II issued together with Circular 80/2021/TT-BTC.

DOWNLOAD >>> Form 01/DCDB-VSP Declaration form for amendments to special tax on natural gas for the Year 2025

How to fill out Form 01/DCDB-VSP Declaration form for amendments to special tax on natural gas in Vietnam in 2025?

Below is the guide to filling out Form 01/DCDB-VSP Declaration form for amendments to special tax on natural gas :

[1] Mark X in this box if this is the first time declaring an adjustment for special tax on natural gas in the tax calculation period for the natural gas extraction and sale activities of the Vietsovpetro Joint Venture in Block 09.1.

If it is a supplementary declaration, fill in the supplementary declaration in Indicator [01b]. Note: Fill in one of the two, either Indicator [01a] or [01b].

[2] The taxpayer is the Vietnam - Russia Joint Venture Vietsovpetro (pursuant to Clause 1, Article 3 of Circular 176/2014/TT-BTC).

[3] Fully fill in the tax code of the Vietnam - Russia Joint Venture Vietsovpetro.

[4] Fully fill in the information of the Vietnamese entity authorized by the Vietnam - Russia Joint Venture Vietsovpetro to perform the special tax adjustment declaration for natural gas according to the legal regulations in Indicators from [12] to [20] (pursuant to Clause 2, Article 3 of Circular 176/2014/TT-BTC).

[5] Fully fill in the information of the tax agency in case the Vietnam - Russia Joint Venture Vietsovpetro declares the special tax adjustment for natural gas through a tax agency in Indicators from [12] to [20].

[6] USD: United States Dollar; VND: Vietnamese Dong.

[7] The tentatively calculated special tax amount declared in the tax calculation period for natural gas is determined according to Clause 2, Article 13 of Circular 176/2014/TT-BTC.

[8] The difference between the amount of special tax payable and the amount declared in the tax calculation period is calculated as the amount of special tax payable in the tax period for natural gas (in Indicator [21]) minus the tentatively calculated special tax amount declared in the tax calculation period for natural gas (in Indicator [22]).

Form 01/DCDB-VSP Declaration form for amendments to special tax on natural gas in Vietnam in 2025 (Image from the Internet)

Vietnam: When is the declaration form for amendments to special tax on natural gas exploitation and sale compiled?

Based on the regulations in Article 24 of Circular 176/2014/TT-BTC, the principles of tax declaration and payment are as follows:

Principles of Tax Declaration and Payment

1. Resource tax, corporate income tax, surcharge when crude oil prices increase, VIETSOVPETRO declares and makes provisional tax payments for each sale of crude oil, condensate; on a monthly basis for natural gas; settlement is done according to the calendar year or the end of the 2010 Agreement and 2013 Protocol.

2. For special tax, export tax:

VIETSOVPETRO declares and pays special tax for each sale of crude oil, condensate; monthly for natural gas.

VIETSOVPETRO performs export tax declaration and payment, the time for submitting export tax for crude oil, condensate, and exported natural gas follows the regulations of the law on export, import tax, and tax administration law.

In the event that by year-end, the actual production volume of extracted and sold natural gas changes compared to the projected natural gas production; the actual number of days of extracting natural gas changes compared to the estimated number of days leading to a change in the resource tax rate according to settlement compared to the plan, VIETSOVPETRO determines the resource tax rate according to settlement to reassess the export tax rate as per the guidance of Clause 2, Article 11 of this Circular; reassess the special tax rate as guided in Clause 2, Article 13 of this Circular and declares adjustments for the export tax, special tax payable.

Should the supplementary tax declaration result in an additional tax amount payable, VIETSOVPETRO pays the difference to the state budget, not having to pay late payment fees on the supplemental amount mentioned above.

If the provisionally paid tax amount is greater than the payable tax amount after recalculating the export tax rate, special tax rate at year-end, handling of tax overpayment is done in accordance with the laws on export, import tax and tax administration at the time of occurrence.

The Declaration form for amendments to special tax on natural gas exploitation and sale activities is performed at year-end when the actual production volume of extracted and sold natural gas differs from the projected production; the actual number of days of extracting natural gas differs from the estimated number of days resulting in a change in the resource tax rate compared to the plan. The Vietnam - Russia Joint Venture Vietsovpetro performs the adjustment declaration for the payable special tax.