Formula for Pricing the Right to Exploit Minerals

13:22, 11/07/2024

The Ministry of Natural Resources and Environment issues Circular 38/2017/TT-BTNMT stipulating the conversion method from the resource tax calculation price to determine the price for calculating the mineral exploitation rights.

The chargeable price for the issuance of mineral exploitation rights is determined according to the following formula:

G = Gtn x Kqd

Where:

- G is the chargeable price for the issuance of mineral exploitation rights, determined based on the conversion from the resource tax calculation price at the time of calculating the chargeable price for the issuance of mineral exploitation rights (Unit: VND/unit of reserves);- Gtn is the resource tax calculation price issued by the Provincial People’s Committee, effective at the time of calculating the chargeable price for the issuance of mineral exploitation rights (Unit: VND/unit of resource product);- Kqd is the conversion coefficient determined from the resource tax calculation price (Unit: VND/unit of resource product) to the chargeable price for the issuance of mineral exploitation rights (Unit: VND/unit of reserves).

For details, see Circular 38/2017/TT-BTNMT which is in effect from November 30, 2017.

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