The government supported the bill on the tax on profits from the sale of oil – REGNUM

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Moscow, 1 August 2015, 15:22 – REGNUM The Russian Government supported a bill to impose the tax on profits from the sale of produced oil, but with the conditions of its finalization. This Saturday, August 1, according to the website of the Russian Cabinet.

The deputies of the Khanty-Mansiysk Autonomous Okrug – Yugra made to the State Duma a bill, proposed changes to the tax and budget codes. The bill provides for the installation of the collection of the tax on profits from the sale of crude oil. According to deputies, it will increase the profitability of the development of subsoil areas and raise the level of investment in the development of those fields that are not being developed in the current tax industry.

The government stated that “conceptually” supports the bill, but he needs work. “Including the part of the inclusion of criteria for the selection of subsoil areas in respect of which can be applied this approach to the taxation of the oil industry in a pilot mode, as well as granting authority to the Government of the Russian Federation to approve the list of subsoil areas,” – said in the conclusion of the government on the bill. Also, the cabinet added that the changes in the Budget Code will require a separate federal law.

The current system of taxation of subsoil users to collect taxes on mineral extraction (MET). In the case of oil, gas and coal tax base for it is the number of the extracted raw material from other resources – their cost.

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