In Vietnam, what is the procedure for applying for tax exemption or reduction of natural resources tax due to natural disasters or fires causing damage to declared resources?

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• What is the procedure for applying for tax exemption or reduction of natural resources tax due to natural disasters or fires causing damage to declared natural resources in Vietnam?
• What are the procedures for applying for tax exemption or reduction of natural resources tax due to an unexpected accident causing damage to the declared natural resources?

What is the procedure for applying for tax exemption or reduction of natural resources tax due to natural disasters or fires causing damage to declared natural resources in Vietnam?

Pursuant to Clause 1, Article 56 of Circular 80/2021/TT-BTC stipulating the procedures for tax exemption and reduction of natural resources tax due to natural disasters or fires causing damage to declared natural resources as follows:

1. In case of exemption or reduction of resource royalty due to a natural disaster or conflagration that causes damage to the resources on which resource royalty is paid, the application shall contain:

a) The application form No. 01/MGTH in Appendix I hereof.

b) The damage assessment record issued by a competent authority and confirmed by the authority of the commune where the natural disaster or conflagration occurred according to Form No. 02/MGTH in Appendix I hereof.

Damage shall be assessed by a finance authority or an authority specialized in property damage assessment.

c) In case of damage to goods, the taxpayer shall provide the damage assessment record issued by an assessing authority, which is legally responsible for its accuracy as prescribed by law.

What are the procedures for applying for tax exemption or reduction of natural resources tax due to an unexpected accident causing damage to the declared natural resources?

Pursuant to Clause 2 of this Article on procedures for application for tax exemption or reduction of natural resources tax due to an unexpected accident causing damage to declared natural resources as follows:

2. In case of exemption, reduction of resource royalty due to an accident that causes damage to the resources on which resource royalty is paid, the application shall contain:

a) The application form No. 01/MGTH in Appendix I hereof;

b) A document confirming the accident issued by a police authority, or a document confirming the taxpayer's injuries issued a health authority;

c) Documents about provision of indemnity by the insurer or compensation agreement with the person that caused the conflagration (if any);

d) Documents on payments for the costs of the accident.

Best regards!