The Vietnam Ministry of Finance propose the Standing Committee of the National Assembly revise natural resource tax. Expected tax rate will be increased to tighten the management and exploitation of natural resources and increase revenue for the state budget. The tax rate expected to apply from January 1, 2016.
The new natural resource tax rate as follows: Metallic minerals (excluding gold and rare earth) tax rate will increase from 1-5% to 10-30%; Non-metallic minerals increased tax rate from 1-5% to 5-10%. Gem resource group tax rate from 3-8% will rise to 5-20%; Coal tax rate from 1-3% to 5-20%. Natural gas tax rate will rise from 0-10% to 6-25%.
Expected tax rates applicable from 1.1.2016 with some metallic minerals increased by 2% as copper rose from 13 to 15%; silver, tin increased from 10 to 12%; manganese up 3% from 11 to 14%; other minerals such as lead, zinc increased from 10 to 15% ...The non-metallic mineral products also increased: sand increase from 11 to 15%; granite, soil increase from 10-15%; white marble increase from 9-15%; coal increase from 7 to 10% with anthracite mines, mining and from 9-12% with opencast anthracite, brown coal, fat coal. Tax rate with natural water for electricity production increased from 4% to 5%; Natural mineral water, bottled water, boxes ... increased by 8-10%.