On September 24, Mr. Nguyen Huu Hong - Deputy Director of the Department of Construction of Quang Ngai informed that the unit has just sent an official dispatch to the Department of Finance regarding the implementation of the Decision of the People's Committee of Quang Ngai province on the price list for calculating natural resource tax in 2024 in the area.
According to the Department of Construction, to stabilize and reduce sand prices according to the direction of the People's Committee of Quang Ngai province, stimulate construction demand... The Department of Construction of Quang Ngai province proposed the Department of Finance to advise the People's Committee of Quang Ngai province to reduce the price for calculating resource tax on yellow sand used in construction from 230,000 VND/m³ to 150,000 VND/m³; this is the threshold within the average allowable range and similar to provinces in the Central region. The remaining tax rates for other resources are proposed to remain stable as in 2024.
According to the Department of Construction, after review, the price for calculating resource tax on yellow sand used in construction (code II50202) issued by the People's Committee of Quang Ngai province in Decision No. 53/2023/QD-UBND dated December 22, 2023, effective from January 1, 2024 is 230,000 VND/m³. If only calculating resource tax, it will increase by 12,000 VND/m³ compared to before.
This has led to an increase in the auction price for mineral exploitation rights at some enterprises that won the sand mine auction before, causing the cost of each cubic meter of sand before being sold to the market to increase significantly, reducing competitiveness, and bankrupting business plans... Therefore, many enterprises that won the auction have returned the sand mines, accepted administrative penalties and lost their deposits.
In addition, the construction sand market in the province is always high, fluctuating from 300,000 - 400,000 VND/m³, greatly affecting public investment projects and people with construction needs in the area, while Quang Ngai is one of the localities with the largest sand reserves in the country, evenly distributed throughout the rivers, with hundreds of mines planned.
