Headlines 26/12/2013 08:25 SA

Severance tax 2014

Thanh Hữu

The Standing committee of the National Assembly of the Socialist Republic of Vietnam has issued the Resolution No. 712/2013/UBTVQH13 on rates of tax on resources, which comes into force from February 01, 2014.

According to this Resolution, taxes on some resources have been increased as follows:


Resource

Current tax

Tax in 2014

Increase

Iron

10%

12%

2%

Titanium

11%

16%

5%

Tungsten, antimony

10%

18%

8%

Copper

10%

13%

3%

Stone, gravel

6%

7%

1%

Sand

10%

11%

1%

Sand for glass production

11%

13%

2%

Apatite

3%

5%

2%

Underground anthracite coal

5%

7%

2%

Opencast anthracite coal

7%

9%

2%

Brown coal, coking coal

7%

9%

2%


This Resolution supersedes Resolution 928/2010/UBTVQH12.
1.722

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