What is Severance Tax used for?

What is Severance Tax used for?

VCN- The Law on State Budget provides that revenue from tax, fees, charges and other revenue in accordance with the law is fully summarized to the State budget balance under the principle of not attaching to specific expenditure tasks.
Revenue from Severance Tax accounted for only 1.36% - 4.27% of total State revenue

Revenue from Severance Tax accounted for only 1.36% - 4.27% of total State revenue

VCN- Revenue from Severance Tax accounts for 1.36%- 4.27% of total State revenue and 0.3%-0.9% of annual GDP
Promulgating severance tax-liable price frame

Promulgating severance tax-liable price frame

VCN - Severance tax-liable price frame for resource groups and categories of similar physiological and chemical properties promulgated by the Ministry of Finance will come into effect from July 1, 2017.
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