New text summary report IN HANOI, VIETNAM

From March 05, 2020, New Framework for Resource Tax Calculation Will Be Applied

12:42, 10/07/2024

Recently, the Ministry of Finance issued Circular 05/2020/TT-BTC on the amendment and supplementation of certain provisions of Circular 44/2017/TT-BTC, which stipulates the tax rate framework for natural resources with similar physical and chemical properties.

Circular 05 replaces Appendices I, II, III, and V issued with Circular 44/2017/TT-BTC with the appendices issued with Circular 05, as follows:

- Appendix I: Framework for resource tax on metallic minerals;- Appendix II: Framework for resource tax on non-metallic minerals;- Appendix III: Framework for resource tax on products from natural forests;- Appendix V: Framework for resource tax on natural water;

Additionally, Circular 05 supplements Appendix VII regarding the framework for resource tax on other resources.

Details of the appendices can be found at Circular 05/2020/TT-BTC, effective from March 5, 2020.

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