Russia is gradually abolishing oil export levies and hiking its mineral extraction tax, part of the nation’s most sweeping oil tax reform project in 20 years.
Some oil-producing companies, including subsidiaries of Rosneft, Gazprom, and LUKoil, will win out as a result of the move, if the government allows them to raise domestic prices for oil and oil products, while refiners will be hit hardest, practitioners told Bloomberg Tax.
The state Duma July 27 adopted, in a final reading, two pieces of draft legislation: Draft Law 493989-7 on finalizing the tax maneuver for the oil sector, and Draft Law ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.