Legal Counselling

Methods of collection, transfer, management and use of charges for granting water right in Vietnam

09:09, 08/11/2017

The Government of Vietnam has just issued Decree No. 82/2017/NĐ-CP providing for calculation method and charge for granting water right. Methods of collection, transfer, management and use of charges for granting water right are specified as follows:

1. Charge for granting water right shall be annually paid according to the amount specified in the decision on approval for charge for granting water right. Each license holder shall, depending on its capacity, make monthly or quarterly or annual payment to the State Treasury at the province or city where the water exploitation work is located.

2. Collection, transfer and refund of charges for granting water right shall be performed in accordance with regulations of the Law on Tax Administration.

3. Management, use and refund of charges for granting water right shall be performed in accordance with regulations of the Law on State Budget; charges for granting water right shall be used for covering expenditures for water resources protection activities, setting up landmarks of water source protection corridor, supervising water exploitation activities and water pollution prevention and control but not exceed 15% of total amount of collected charges.

4. Charge for granting water right is considered a type of expense defined in the prime cost of the license holder.

View details at Decree No. 82/2017/NĐ-CP of Vietnam’s Government, effective from September 01, 2017.

- Ngoc Duyen -

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