Specifically, according to Article 7 of the Law on Severance tax 2009 of Vietnam and Resolution No. 1084/2015/UBTVQH2013, the frame severance tax tariff for various types of resources, excluding crude oil and natural gas, and coal gas is as follows:
No.
|
Group or category of natural resource
|
Severance tax rate (%)
|
I
|
Metallic minerals
|
|
1
|
Iron
|
14
|
2
|
Manganese
|
14
|
3
|
Titan
|
18
|
4
|
Gold
|
17
|
5
|
Rare earths
|
18
|
6
|
Platinum, silver and tin
|
12
|
7
|
Wolfram and antimony
|
20
|
8
|
Lead, zinc
|
15
|
9
|
Aluminum, bauxite
|
12
|
10
|
Copper
|
15
|
11
|
Nickel
|
10
|
12
|
Cobalt, molybdenum, mercury, magnesium and vanadium
|
15
|
13
|
Other metallic minerals
|
15
|
II
|
Non-metallic minerals
|
|
1
|
Soil exploited for ground leveling and work construction
|
7
|
2
|
Rock, gravel
|
10
|
3
|
Rock used for lime baking and cement production
|
10
|
4
|
White marble
|
15
|
5
|
Sand
|
15
|
6
|
Sand used for glass-making
|
15
|
7
|
Soil used for brick-making
|
15
|
8
|
Granite
|
15
|
9
|
Refractory clay
|
13
|
10
|
Dolomite and quartzite
|
15
|
11
|
Kaolin
|
13
|
12
|
Mica, technical quartz
|
13
|
13
|
Pyrite, phosphorite
|
10
|
14
|
Apatite
|
8
|
15
|
Serpentine
|
6
|
16
|
Pit anthracite coal
|
10
|
17
|
Open-cast anthracite coal
|
12
|
18
|
Lignite and fat coal
|
12
|
19
|
Other coals
|
10
|
20
|
Diamond, ruby and sapphire
|
27
|
21
|
Emerald, alexandrite and black precious opal
|
25
|
22
|
Adrite, rodolite, pyrope, berine. Spinel and topaz
|
18
|
23
|
Bluish-purple, greenish-yellow or orange crystalline quartz; chrysolite; white or scarlet precious opal; feldspar; birusa; and nephrite
|
18
|
24
|
Other non-metallic minerals
|
10
|
III
|
Natural forest products
|
|
1
|
Timber of group I
|
35
|
2
|
Timber of group II
|
30
|
3
|
Timber of group III
|
20
|
4
|
Timber of group IV
|
18
|
5
|
Timber of groups V, VI, VII and VIII and of other categories
|
12
|
6
|
Tree branches, tops, stumps and roots
|
10
|
7
|
Firewood
|
5
|
8
|
Bamboo of all kinds
|
10
|
9
|
Sandalwood and calambac
|
25
|
10
|
Anise, cinnamon, cardamom and liquorice
|
10
|
11
|
Other natural forest products
|
5
|
IV
|
Natural aquatic resources
|
|
1
|
Pearl, abalone and sea-cucumber
|
10
|
2
|
Other natural aquatic resources
|
2
|
V
|
Natural water
|
|
1
|
Natural mineral water, natural thermal water and refined natural water, bottled or tinned
|
10
|
2
|
Natural water used for hydropower generation
|
5
|
3
|
Natural water used for production and business activities, except water mentioned at Points 1 and 2 of this group
|
|
3.1
|
Use of surface water
|
|
a
|
For clean water production
|
1
|
b
|
For other purposes
|
3
|
3.2
|
Use of groundwater
|
|
a
|
For clean water production
|
5
|
b
|
For other purposes
|
8
|
VI
|
Natural swallow's nests
|
20
|
VII
|
Other resources
|
10
|
Furthermore, the Law also stipulates the frame severance tax tariff for crude oil and natural gas, and coal gas, specifically as follows:
No.
|
Production output
|
Tax rate (%)
|
Encouraged investment projects
|
Other projects
|
I
|
Crude oil
|
|
|
1
|
Up to 20,000 barrels/day
|
7
|
10
|
2
|
Over 20,000 barrels to 50,000 barrels/day
|
9
|
12
|
3
|
Over 50,000 barrels to 75,000 barrels/day
|
11
|
14
|
4
|
Over 75,000 barrels to 100,000 barrels/day
|
13
|
19
|
5
|
Over 100,000 barrels to 150,000 barrels/day
|
18
|
24
|
6
|
Over 150,000 barrels/day
|
23
|
29
|
II
|
Natural gas and coal gas
|
|
|
1
|
Up to 5 million m3/day
|
1
|
2
|
2
|
Over 5 million m3 to 10 million m3/day
|
3
|
5
|
3
|
Over 10 million m3/day
|
6
|
10
|
Pursuant to these frame severance tax tariffs, the National Assembly Standing Committee shall stipulate specific severance tax rates for each category of natural resource in each period on the following principles:
- Ensuring conformity with the list of groups and categories of natural resource and within the severance tax rate bracket prescribed by the National Assembly;
- Contributing to the state management of natural resources; protection, exploitation and rational, economical and effective use of natural resources;
- Contributing to assuring state budget revenues and market stabilization.
View more details: The Law on Severance tax 2009 of Vietnam officially takes effect from July 01, 2010 and Resolution No. 1084/2015/UBTVQH2013 takes effect from July 01, 2016.
>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE