The State Duma Was Proposed to Maintain the 20% Profit Tax for the Vostok Oil Project
The government submitted a proposal to the State Duma to maintain the current tax regime for the profit tax at 20% for the Vostok Oil project, according to amendments to the second reading of the bill on improving the tax system, which Interfax has reviewed. It is noted there that …
The Bill on Stimulating Geological Exploration Was Adopted in the First Reading
The document proposes a simplified mechanism for re-issuing licenses and admitting private companies to the regional stages of geological exploration. Issues of liberalizing the circulation of exploration licenses were regularly raised by subsoil users. Now, to expand their resource base, they can only buy licenses together with a legal entity …
The State Duma Approved the Zeroing of the Mineral Extraction Tax for the Novatek Project in Yamal
The State Duma Committee on Budget and Taxes supported the adoption in the first reading of a bill establishing a zero severance tax rate for gas produced in Yamal and Gydan for the production of ammonia and hydrogen. It can be submitted to the State Duma on May 31. The …