Decree No. 68/1998/ND-CP detailing the implementation of the Ordinance on Natural Resources Tax.

This Decree of the Government provides for implementation of Ordinance 5 of 1998 as amended. This Ordinance introduces in article 1 the duty of all organizations and individuals operating in the economic sector, including State enterprises and foreign enterprises, to pay a natural resources tax. Article 2 of this Decree specifies resources the exploitation of which shall be subject to tax: minerals, petroleum, gas, natural forest products, natural aquatic products, natural water, etc. This Decree further regulates calculation of tax base and the natural resources tax index, natural resources tax declaration, registration and payment, exemption from or reduction of tax, offences, and implementation of this Decree. The natural resources tax index is specified in the Schedule attached to the present Decree.