Basis for Regulatory Collection upon Product Consumption of Binh Son Company

00:12, 11/07/2024

Here is the notable content stipulated in Circular 316/2016/TT-BTC guiding the implementation of a financial mechanism for Binh Son Refining and Petrochemical Company Limited regarding the collection of regulatory fees for domestically produced and consumed gasoline products according to Decision 1752/QD-TTg.

According to Circular 316/2016/TT-BTC, the basis for calculating the regulatory fee when consuming domestically produced gasoline by Binh Son Company is determined by the actual monthly gasoline consumption multiplied (x) by the price used for regulatory fee calculation and multiplied (x) by the regulatory fee rate. Specifically:

- The actual monthly gasoline consumption is the total actual domestic gasoline consumption in the month. For E5 gasoline, the actual monthly consumption is determined by (=) the total actual monthly E5 gasoline consumption (x) 95%.- The price used to calculate the regulatory fee is the selling price determined based on Platt’s Singapore price plus market premium according to the Product Consumption Contract of Binh Son Company, excluding the regulatory fee and other taxes and fees payable to the state budget.- The exchange rate applied is the USD/VND selling rate announced by the Joint Stock Commercial Bank for Foreign Trade of Vietnam on the date the Platt’s price for the shipment is calculated.- The regulatory fee rate is 10%.

More details can be found in Circular 316/2016/TT-BTC, effective from September 3, 2016.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn