Proposal on increasing natural resource tax on clay used for brick manufacturing to a maximum of 15%
The natural resource tax on clay used for brick manufacturing was proposed to be maximized after the Ministry of Finance reviewed policies on taxes and fees on sustainable building materials and consulting the Directive No. 10/CT-TTg on stimulation of unbaked material use and limitation of clay brick manufacturing and use.
In the Official Dispatch No. 7562/BTC-CST to the Ministry of Construction and the Government Office, the Ministry of Finance reported to the Government regulations on increasing natural resource tax on clay used for brick manufacturing up to a maximum of 15%, which was then submitted to the Standing Committee of the National Assembly to be promulgated.
The maximization of natural resource tax on clay used for brick manufacturing up to 15% aimed at stimulating the use of unbaked materials and restraining the manufacturing and use of clay bricks.
This proposal was made by the Ministry of Finance after the review of policies on taxes and fees on sustainable building materials and consultation of the Directive No. 10/CT-TTg on stimulation of unbaked material use and limitation of clay brick manufacturing and use.
It was well known that the previous tax rate on sand used for brick manufacturing was 11% and the one on soil was 10%.
In addition, implementing the Decision No. 567/QD-TTg of the Prime Minister on development of the unbaked building materials by 2020, the Ministry of Finance issued the Circular No. 201/2010/TT-BTC stipulating the application of preferential import tax rate of 0% for materials and equipments for the project on manufacture of equipment producing lightweight non-kiln construction materials and foam concrete brick and cement bricks-aggregate blocks with a capacity of 7 million or more of standard bricks per year.
The foregoing provision continued to be guided in circulars issuing the annual preferential export tariff and import tariff.
Besides, according to the Law on Enterprise Income Tax, enterprises carrying out new investment projects in environmental protection domain are entitled to the tax rate of 10% for fifteen years, tax exemption for four years and a 50% reduction of payable tax amounts for nine subsequent years.
Income of enterprises implementing new investment projects in manufacturing of composite materials, lightweight building materials, precious materials; generation of renewable energy, energy from waste and biotechnology development is also entitled to such preferential tax rate.
Some minerals used for construction materials such as soil, sand, stone, kaolin ... are subject to environmental protection fees for mineral exploitation. Enterprises and individuals are encouraged to use environmentally friendly building materials and limit the use of natural soil, sand, stones and gravel as materials for construction works.
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