Vietnam: How long is the time limit for payment of the fee for grant of right to water resource extraction?

09:54, 05/04/2023

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

Thời hạn nộp tiền cấp quyền khai thác tài nguyên nước , Nghị định 126/2020/NĐ-CP

According to Clause 5 Article 18 of the Decree No. 126/2020/NĐ-CP of Vietnam’s Government, the fee for grant of right to water resource extraction shall be paid within 90 days from the day on which the first notice or adjustment notice is issued by the competent authority.

Concurrently, from the second year, the taxpayer may choose between paying annually or biannually. If the taxpayer chooses the former, the fee shall be paid by May 31. If the taxpayer chooses the latter, the first 50% shall be paid by May 31 and the rest by October 31.

In case of suspension under a document of the People’s Committee of the province, the payment deadline will be deferred for a period equal to the suspension period but not later than the expiration date of the license. The fee shall be paid within 30 days from the end of the suspension period.

Besides, this Decree also stipulates that the fee for grant of right to mineral extraction shall be paid within 90 days from the day on which the first notice or adjustment notice is issued by the competent authority. From the second year, the taxpayer may choose between paying annually or biannually. If the taxpayer chooses the former, the fee shall be paid by May 31.

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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