GlobalData: Russia’s New NDM Tax Scheme Scope is Limited
The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector, according to GlobalData, a leading data and analytics company. In April 2018, Russia’s Ministry of Energy proposed widening the application of the pilot scheme for an NDM system on oil …
GlobalData Analyst: Russia’s Oil and Gas Tax Policies Increasingly Looking Eastward
The recent changes in the taxation of Russia’s oil and gas sector reflect both the country’s pivot eastward and the special treatment afforded to its state-controlled energy companies, says an analyst with research and consulting firm GlobalData. Russia’s recent fiscal changes shift the tax burden from export duty on oil …