Guiding the procedures for deferral of fee for grant of right to mineral extraction in Vietnam

15:25, 24/10/2020

Recently, the Government of Vietnam has issued the Decree No. 126/2020/NĐ-CP on elaboration of the Law on Tax Administration.

Hướng dẫn hồ sơ gia hạn nộp tiền cấp quyền khai thác khoáng sản, Nghị định 126/2020/NĐ-CP

According to Article 20 of the Decree No. 126/2020/NĐ-CP of Vietnam’s Government, the taxpayer eligible for deferral of fee for grant of right to mineral extraction in case of land clearance difficulties shall prepare and submit an application for deferral to supervisory tax authority. An application shall consist of:

- Application form No. 01/GHKS in Appendix III hereof which specifies the reasons for delay in commencement or suspension of the project, the fee that need deferring and deferral period, the land area having land clearance difficulties, total land area specified in the mineral extraction license.

- A written confirmation of land clearance difficulties issued by a competent authority (the People’s Committee of the commune or district-level land clearance board or similar authority). This document must specify the land area having land clearance difficulties.

- Relevant documents (if any).

The deferral period shall not exceed 02 years from the initial payment deadline.

Concurrently, the deferred amount is the outstanding amount of fee when the taxpayer submits the application for deferral on the land area facing land clearance difficulties as confirmed by a competent authority.

View more details at the Decree No. 126/2020/NĐ-CP of Vietnam’s Government, effective from December 05, 2020.

Ty Na

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