Determining the Fee for Mineral Exploitation Rights Based on Which Formula?

18:03, 11/07/2024

On October 16, 2017, the Ministry of Natural Resources and Environment issued Circular 38/2017/TT-BTNMT stipulating the method for converting the resource tax calculation price to determine the price for calculating the fee for granting mineral exploration rights.

According to the regulations in Circular 38, the formula for determining the chargeable price for the mining rights (G) is determined as follows:

G = Gtn x Kqd

In which:

- G is the chargeable price for the mining rights, determined based on the conversion from the natural resource tax price according to the provisions of the law on natural resource tax at the time of calculating the chargeable price for mining rights (unit: VND/unit of reserves);- Gtn is the natural resource tax price issued by the People's Committees of the provinces and cities directly under the Central Government, effective at the time of calculating the chargeable price for mining rights (unit: VND/unit of natural resource product);- Kqd is the conversion coefficient determined from the natural resource tax price (unit: VND/unit of natural resource product) to the chargeable price for mining rights (unit: VND/unit of reserves).

See more about the principle of determining the conversion coefficient in Circular 38/2017/TT-BTNMT which took effect on November 30, 2017.

- Thanh Lam -

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