Vietnam feasibility study - EITI

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32 Exploration Exploitation Processing Trading Mine closure 1.Natural resources tax 2.Corporate income tax 3. VAT 4.Export, import tax TAXES 5.Personal income tax The Extractive Industries Transparency Initiative and the Implementation Perspective of Vietnam CENTRAL BUDGET 1.Disovery bonus 3.Production bonus 2.Charge of purchase, use of information 4.Environmental protection fee 5.Signature bonus LOCAL BUDGET 6. Fee of violation punishment (if the enterprise commits a violation) CHARGES AND FEES 7.Other charges and fees 1. Rental of land, water surface 2.Deduction rate of prot distribution 3.Study, training fund 4.Mine clearance fund Vietnam Oil and Gas Group 5.Social responsibility, commitment to the local area OTHER FINANCIAL OBLIGATIONS Figure 2. Financial liabilities of the oil and gas company
II.3 - General cOmmenT As analyzed above, the financial obligations of the mining, oil or gas company in Vietnam are relatively diversified with various types and levels. Generally, during the operation process, the extractive company engaging in mineral responsibility is responsible for paying about seven types of charges and fees, six types of tax and some other compulsory obligations or social responsibilities. The number of charges and fees that the enterprises are obliged to pay to the state depends on the specific type of mineral, exploitation, processing technology. In general, the local authorities of the areas where mineral activities take place are entitled to receipts from all types of related charges and fees and social responsibilities of the enterprises (except for the environmental protection fee in the oil and gas extraction). For the receipts from taxes, the locality is only entitled to the natural resources tax (except for petroleum sector). Receipts from the remaining taxes, such as corporate income tax, export – import tax, and personal income tax are paid to the central budget and allocated in accordance with provisions of the state. The Extractive Industries Transparency Initiative and the Implementation Perspective of Vietnam 33
Page 1 and 2: The Extractive Industries Transpare
Page 3: The Extractive Industries Transpare
Page 6 and 7: 6 tAbles And FIguRes Table 1. Statu
Page 8 and 9: 8 The Extractive Industries Transpa
Page 10 and 11: 10 exeCutIVe summARy Vietnam has a
Page 12 and 13: 12 EITI because it would benefit as
Page 14 and 15: 14 cHaPTer I. OvervIew Of mIneral r
Page 16 and 17: 16 According to calculations, oil a
Page 18 and 19: 18 etc. The Nghi Son oil refinery c
Page 20 and 21: 20 MOF has the role to manage these
Page 22 and 23: 22 I.4 General cOmmenT Vietnam is d
Page 24 and 25: 24 for collection and creation of i
Page 26 and 27: 26 II.1.2 Tax responsibilities Tax
Page 28 and 29: 28 fines. These contents are guided
Page 30 and 31: 30 II.2 - fInancIal lIaBIlITY Of TH
Page 34 and 35: 34 cHaPTer III. real sITuaTIOn Of T
Page 36 and 37: 36 Payments The Extractive Industri
Page 38 and 39: 38 • Environmental protection fee
Page 40 and 41: 40 This is the biggest source of re
Page 42 and 43: 42 activities. The support to fishe
Page 44 and 45: 44 tax, personal income tax, are no
Page 46 and 47: 46 Smith (2004) claims that transpa
Page 48 and 49: 48 fee - collecting organizations a
Page 50 and 51: 50 v.1 - HIsTOrY anD THe DevelOPmen
Page 52 and 53: 52 EITI and lobbying Vietnam to imp
Page 54 and 55: 54 EITI report of Nigeria indicates
Page 56 and 57: 56 to 16,000 billion VND 12 ). Of t
Page 58 and 59: 58 The extractive companies would b
Page 60 and 61: 60 punishment once discovering the
Page 62 and 63: 62 To clarify the way of operation
Page 64 and 65: 64 vI.4 - cOnclusIOn In recent year
Page 66 and 67: 66 ReFeRenCe • BP. (2010). BP Sta
Page 68 and 69: 68 The Extractive Industries Transp
Page 70 and 71: 70 Annex d the semi-structured ques
Page 72 and 73: 72 Annex F data collection table of
Page 74: 74 II. Challenges/Barriers in enfor

Vietnam feasibility study - EITI

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