PRESS: Russian govt to complete tax maneuver in oil industry - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: Russian govt to complete tax maneuver in oil industry

MOSCOW, May 25 (PRIME) -- The Russian government has decided to complete the tax maneuver in the oil industry, and the oil export duty can be zeroed already by 2024, business daily Vedomosti reported Friday citing sources.

The decision was made by President Vladimir Putin, while his press secretary Dmitry Peskov declined to comment.

УAfter more than two years of disputes of oil companies and the Finance Ministry the oil and gas tax maneuver will be completed. Such decision was made by Russian President Vladimir Putin in late April,Ф the daily said.

The tax maneuver Ц an increase of the mineral extraction tax (MET) and reduction of export duties Ц was launched in 2015. The reform was set to be completed in 2017, when duties were expected to fall to 30%, but in 2016, the Finance Ministry proposed to zero them and raise the MET in proportion.

The Finance Ministry proposed to finish the maneuver during six years Ц to reduce the export duty by 5 percentage points annually and bring it to zero by 2024, raising the MET in proportion, the sources said. This will give the budget 1Ц1.6 trillion rubles depending on oil prices, a government official said.

(61.4090 rubles Ц U.S. $1)

End

25.05.2018 10:17
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.9022 -0.6336 17 nov
USD 65.9931 -0.6228 17 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1134.93 +0.34 18:50 16 nov
micex 2372.67 -0.37 18:50 16 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 153.16 -0.64 18:49 16 nov
lkoh 4824.00 -0.62 18:49 16 nov
rosn 420.85 -0.80 18:49 16 nov
sber 199.26 -0.44 18:49 16 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.9025 -0.2975 14:59 16 nov
USDTD 65.7225 -0.8775 17:44 16 nov