Circular No. 42/2007/TT-BTC guiding the implementation of the Government’s Decree No. 68/1998/ND-CP of 3 September 1998 detailing the implementation of the Ordinance on Royalties (amended) and Decree No. 147/2006/ND-CP of 1 December 2006 amending and supplementing a number of articles of Decree No. 68/1998/ND-CP.
Country
Type of law
Miscellaneous
Abstract
This Circular implements Decree No. 68/1998/ND-CP and Decree No. 147/2006/ND-CP.
The Circular deals with the following matters: the duty of all organizations and individuals operating in the economic sector, including State enterprises and foreign enterprises, to pay a natural resources tax; resources, the exploitation of which shall be subject to tax; tax bases and royalty tariffs; declaration, registration, payment and finalization of royalties; royalties exemption and reduction; tasks, powers and responsibilities of tax offices; handling of violations; etc.
The Circular deals with the following matters: the duty of all organizations and individuals operating in the economic sector, including State enterprises and foreign enterprises, to pay a natural resources tax; resources, the exploitation of which shall be subject to tax; tax bases and royalty tariffs; declaration, registration, payment and finalization of royalties; royalties exemption and reduction; tasks, powers and responsibilities of tax offices; handling of violations; etc.
Attached files
Date of text
Entry into force notes
This Circular enters into force 15 days after its publication in the Official Gazette.
Notes
This Circular repeals the Ministry’s of Finance’s Circular No. 153/1998/TT-BTC of 26 November 1998 guiding the implementation of Government’s Decree No. 68/1998/ND-CP, Circular No. 83/2005/TT-BTC of 22 September 2005 guiding the experimental self-assessment and self-payment of royalties by business establishments under the Prime Minister’s Decision No. 161/2005/QD-TTg of 30 June 2005, and Circular No. 05/2006/TT-BTC of 19 January 2006 guiding royalties on natural water used for hydropower generation.
Repealed
No
Serial Imprint
Công Báo Nos. 546-547, 9 August 2007, pp. 22-40.
Source language
English
Legislation Amendment
No
Implements