New Text Notification

Reduce the rate left to the organization that collects the license fee for mineral activities in Vietnam

Bảo Ngọc

11:16, 26/10/2021

Here is the featured content at Circular 91/2021/TT-BTC dated October 21, 2021 amending and supplementing Circular 191/2016/TT-BTC stipulating the collection rate, mode of collection, pay, manage and use fees for appraisal and assessment of mineral reserves and fees for granting mineral activity licenses and Circular 56/2018/TT-BTC on fees for appraisal of environmental impact assessment reports.

According to the content of the circular, the fee-collecting organization is allowed to leave 70% (instead of the current rate of 90%) of the collected fee to cover the costs of providing services, collecting fees and paying 30% (instead of the current rate of 10%) to the state budget; except for the case that the toll collection organization is a state agency that is not eligible to contract operating expenses from the toll collection according to Clause 2, Article 5 of Vietnam's Circular 191/2016/ND-CP.

The remaining fees are managed and used according to the provisions of Article 5 of Decree 120/2016/ND-CP of Vietnam; in there:

Other expenses related to the performance of works, services and collection of fees, including: Expenses for field inspection of mineral exploration areas, inspection, assessment and organization of appraisal meetings, meetings of the Council for the appraisal and assessment of mineral reserves.

See more details in Circular 91/2021/TT-BTC of Vietnam effective from December 15, 2021.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

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