[Draft] Law Amending and Supplementing the Law on Natural Resources Tax
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Based on:National Assembly - Draft laws
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The Ministry of Finance is leading the drafting of a law amending and supplementing several articles of Vietnam's current Law on Natural Resources Tax. This is an early step in the legislative process, with the draft currently under review by the National Assembly's Economic and Financial Committee before being submitted to the full National Assembly. Under the current schedule, the draft law is expected to be presented and passed at the 2nd session of the 16th National Assembly. At this stage, the specific content of the proposed amendments, such as tax rates, taxable subjects, or calculation methods, has not yet been published on the draft-law portal, so businesses engaged in natural resource extraction (minerals, oil and gas, water, forest products, and similar activities) should monitor developments closely to prepare for eventual changes once the law takes effect. RegHub will provide updates as more detailed content on the specific amendments becomes available.
Overview
This is a legislative tracking notice for a draft law currently in development: the Law Amending and Supplementing a Number of Articles of the Law on Natural Resources Tax.
Legislative Details
- Drafting agency: Ministry of Finance
- Reviewing committee: Economic and Financial Committee (National Assembly)
- Expected submission: 16th National Assembly, 2nd Session
- Expected passage: 16th National Assembly, 2nd Session
Relevance for Businesses
Natural Resources Tax applies to organizations and individuals that extract natural resources such as minerals, oil and gas, natural water, natural forest products, and other resources. Amendments to this law could affect tax rates, calculation methods, or the scope of taxable entities for businesses in the mining, energy, and resource-extraction sectors.
Note
As of this record, the draft-law portal has not yet published the detailed text of the proposed amendments. This is only a notice that the draft has been added to the National Assembly's law-making program; it is not yet a legally effective document. Businesses should continue to monitor subsequent draft versions and the Economic and Financial Committee's review opinions for specific content.