Vietnam: 02 cases of total charge for granting mining right must be fully collected at once

According to Decree No. 67/2019/NĐ-CP of Vietnam’s Government, total charge for granting mining right must be fully collected at once in the following circumstances:

- The mining license is issued by the Ministry of Natural Resources and Environment with the licensed mining period of up to 05 years or total charge payable for granting mining right of up to VND 01 billion;

- The mining license is issued by a provincial People’s Committee with the licensed mining period of up to 03 years or total charge payable for granting mining right of up to VND 500 million.

The charge for granting mining right in cases other than the 02 above-mentioned cases may be made in several payments, specifically, the amount payable in the first payment shall be equal to 30% of total charge for granting mining right divided by a half of the licensed mining period. The amount payable in each of the remaining payments shall be equal to the difference of total charge for granting mining right and the amount payable in the first payment divided by total remaining years of the licensed mining period provided that total charge for granting mining right must be fully paid within the first half of the licensed mining period.

Charges for granting mining right must be collected and transferred in accordance with law regulations on tax administration and regulations of Decree No. 67/2019/NĐ-CP of Vietnam’s Government.

View more details at Decree No. 67/2019/NĐ-CP of Vietnam’s Government, effective from September 15, 2019.

Thu Ba

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