Amendment of the Tax Rate Schedule for Natural Resource Taxation

16:40, 10/07/2024

Circular 12/2016/TT-BTC was promulgated by the Ministry of Finance on January 20, 2016, to amend Clause 1 Article 7 of Circular 152/2015/TT-BTC guiding the resource tax.

Accordingly, if Circular 152/2015/TT-BTC stipulates the resource tax rate as the basis for calculating the resource tax for each type of exploited resource will be applied according to the Schedule of Resource Tax Rates issued together with Resolution 712/2013/UBTVQH13 dated December 16, 2013, of the Standing Committee of the National Assembly and amended documents, if any, then at Circular 12, it has been amended to apply Resolution 1084/2015/UBTVQH13 dated December 10, 2015, of the Standing Committee of the National Assembly instead of applying Resolution 712 as previously stipulated.

Additionally, Circular 12 also stipulates that during the implementation process, if there are any issues, organizations and individuals are requested to promptly report to the Ministry of Finance for study and resolution.

See details at Circular 12/2016/TT-BTC, effective from July 1, 2016.

-Thao Uyen-

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