The upper chamber of Russian parliament approved draft Law No. 297807-6 on July 10, 2013 which changes the Federal Law on Customs Tariff and introduces a differentiation in mineral tax rates. The law changes the previous flat rate of tax on natural gas producers to a system that consider the level of difficulty of extraction of the fuel as well as being linked to domestic gas price and the oil price. The rate of tax depends on the soil permeability, the depletion of the deposit and the size of the oil reservoir. The Law will become effective one month after its publication in the Official Gazette and aims to stimulate new investment projects for the development of enhanced oil recovery.
Related Posts
EU unleashes broad trade defence campaign targeting China, Russia, and now US Biofuels
August 03, 2026
The European Union executed a significant protectionist shift this week, defined by a sustained and escalating campaign of trade defence actions. The week began with sweeping new controls on Russian industrial materials taking effect and was
Read More
Russia: CBR lowers key rate used for tax interest calculations
July 29, 2026
The Central Bank of Russia (CBR) has reduced the key interest rate from 14.5% to 14.0% on 24 July 2026. The CBR’s key interest rate is applied in calculating interest deductions and the interest on late payment of overdue taxes. This
Read MoreRussia introduces simplified procedure for online tax notifications
July 27, 2026
The Russian Federal Tax Service has announced that a simplified procedure for delivering tax notifications through the Unified Public Services Portal (UPSP) will take effect from 1 August 2026, under amendments introduced by Federal Law No. 425-FZ
Read MoreRussia proposes new PIT deduction for young professionals in key sectors
July 22, 2026
A draft law has been submitted to the Russian State Duma proposing the introduction of a new individual income tax deduction for young professionals working in certain fields. The proposal is set out in Draft Law No. 1292383-8, submitted on 17 July
Read More
Germany announces suspension of double taxation treaty with Russia
July 15, 2026
Germany has notified Russia that it will suspend the agreement of 29 May 1996 between the two nations for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital, effective from 1 January 2027. The notification was
Read MoreRussia: State Duma approves first reading of employee incentive tax bill
July 08, 2026
Russia's State Duma has approved, in the first reading, a Ministry of Finance bill that would introduce tax incentives for administrators of employee incentive programmes by extending an existing tax exemption. This announcement was made on 7
Read More