All formulas to determine the conversion factor Kqđ based on the metal ore content in Vietnam

18:04, 11/07/2024

Circular 38/2017/TT-BTNMT has been issued by the Ministry of Natural Resources and Environment of Vietnam to regulate the conversion method from the resource tax price to determine the price for granting mineral exploitation rights. This document takes effect from November 30, 2017.

According to Circular 38, depending on the actual metal content, there will be different formulas to determine the conversion coefficient Kqđ in Vietnam. To be specific:

- In case the average actual metal content in the mine (Cm) lies within the range of that metal ore content, the price for the exploitation rights of mineral resources is calculated as the same as the resource tax price determined by the following formula:

Kqđ = 1

- In case the average actual metal content in the mine according to the approved reserves decision (Cm) is greater than the maximum ore content (Cmax) specified in the resource tax price table, the conversion coefficient Kqđ is determined by the following formula:

Kqđ = Cm : Cmax

- In case the average actual metal content in the mine according to the approved reserves decision (Cm) is less than the minimum ore content (Cmin) specified in the resource tax price table, the conversion coefficient Kqđ is determined by the following formula:

Kqđ = Cm : Cmin

See detailed formula at Circular 38/2017/TT-BTNMT.

- Thanh Lam -

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