Decree on guiding the Law on Natural Resource Taxes
On 14 May 2010, the Government issued the Decree No. 50/2010/ND-CP providing detailed guidelines for implementation of some articles of the Law on Natural Resource Taxes. Accordingly, in case the quantity of assessable natural resource output can not be directly determined via the measuring system under Vietnamese standards, the quantity shall be determined by a fixed estimation.
In addition, this Decree provides in detail how to calculate taxable price in some specific cases, for instance: taxable price regarding timber shall be the selling price at the timber yard (store or logging site); taxable price of any exploited natural resource sold in Vietnam shall be the price before VAT, and of resource exported shall be the FOB exported price.
The Decree takes effect on 1 July 2010 and replaces the Decree No. 05/2009/ND-CP dated 19 January 2009 providing detailed regulations and guidelines on the amended Ordinance on Natural Resource Taxes and the Ordinance on amendment and supplement of Article 6 of Ordinance on Natural Resource Taxes.













