Mechanism for Management and Utilization of Geological and Mineral Document Usage Fees

18:31, 10/07/2024

On November 08, 2016, the Ministry of Finance issued Circular 190/2016/TT-BTC stipulating the rates, collection policies, remittance, management, and use of fees for the exploitation and use of geological and mineral documents.

The fees for exploration and utilization of geological and mineral documents are managed and utilized under the following mechanism:

- The fee-collecting organization is allowed to retain 60% of the total collected fees to cover the costs of providing services and fee collection. The retained fees are managed and utilized according to the regulations in Article 5 of Decree 120/2016/ND-CP.- The fee-collecting organization must remit the remaining 40% of the collected fees to the state budget. The timing for fee remittance is carried out following the guidance in Clause 2, Article 26 of Circular 156/2013/TT-BTC.

Additionally, the declaration, collection, and remittance of fees for the exploration and utilization of geological and mineral documents are guided by Circular 190/2016/TT-BTC as follows:

- No later than the 5th of each month, the fee-collecting organization must transfer the collected fees of the previous month to a fee account pending remittance at the State Treasury.- The fee-collecting organization must declare the collected fees on a monthly basis and finalize the fees annually as per the guidance in Clause 3, Article 19 of Circular 156/2013/TT-BTC.

Refer to the related regulations in Circular 190/2016/TT-BTC, effective from January 01, 2017.

- Thanh Lam -

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