Vietnam: Guiding the calculation of the environmental protection fee on mineral extraction payable within a period

11:35, 02/02/2017

On December 24, 2016, the Government of Vietnam issued Decree No. 164/2016/NĐ-CP on environmental protection fees on mineral extraction activities.

According to Decree No. 164/2016/NĐ-CP of Vietnam’s Government, the environmental protection fee on mineral extraction payable within a period shall be calculated by applying the following formula:

F = [(Q1 x f1) + (Q2 x f2)] x K

Where:

- F means the environmental protection fee payable in the period;

- Q1 means the volume of soil/stone excavated in the calculation period (m3);

- Q2 means the volume of crude ores extracted in the period (tons or m3);

- f1 means the fee imposed on the volume of excavated soil/ stone: 200 VND/m3;

- f2 means the environmental protection fee on type of extracted mineral (VND/ton or VND/m3);

- K means the fee calculation coefficient by mining technique, in which:

+ Open-cast mining (including hydraulic mining such as mining of titan, sand or gravel from riverbeds): K = 1.1;

+ Underground mining and other mining techniques (extraction of crude oil, natural gas, natural mineral water and other cases): K = 1.

Note: The volume of soil/ stone excavated in the process of coal mining shall not be subject to the fee payment until the end of 2017.

View details at Decree No. 164/2016/NĐ-CP of Vietnam’s Government, effective from January 01, 2017.

- Thanh Lam -

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