Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Export Duty on Oil will be Gradually Reduced to Zero
2.08.2018 16:49
Export Duty on Oil  will be Gradually Reduced to Zero
(Source: https://pronedra.ru/industry/oil)

 Export duty on oil and oil products will be gradually reduced to zero. At the same time, the tax rate on oil production will grow. The State Duma has adopted two laws on the completion of the tax maneuver in the oil and gas industry in the third reading.

      Read More Articles on Doing Business in Russia

      According to the new laws, beginning from January 1, 2019 the export duty on oil will gradually decline during six years - from the current 30 percent down to zero. At the same time, the tax rate on oil and gas condensate production will increase.

      Innovations will be mitigated by repayable excises on oil. Deductions on excises will be established, among others, for the companies producing high-grade petrol of the fifth class and diesel fuel.

      For clarifications of the new law consult our attorneys in Russia.


Sources: https://pravo.ru 


Author: Anna Dorozhkina

Tags: Russian business Legal Services in Russia Russian oil and gas industry   

Next Previous


You might also find interesting:

Express Courses: "How to Work during Pandemic"
20.04.2020
Medical Insurance Startup BestDoctor Raised $ 4.5 Million from International Funds
25.07.2020
Russia will Introduce Tax Holidays for a Number of Industries
20.03.2020
Net Inflow to Funds Investing in Russia Fell from $ 120 Million to $ 10 Million over the Week
14.09.2020
The Number of IT-crimes in Russia has Almost Doubled
10.07.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Russian courts  Moscow actions  Russian business  Svyaznoy  Krasny Oktyabr  travel to Russia  Moscow State University  Exhibitions in St. Petersburg  Moscow  St. Petersburg  Mercedes-Benz Fashion Week Russia  Russian Cinema  Russian tourism  Awards  Andrey Zvyagintsev  Books  Gold Mask in Estonia  Activists  Moscow Museums  Regional Cuisines  Russian regions  ski jumping  Charlie Chaplin  Russian Arts and Crafts  Candies  Infill Building  Yamal Peninsula  Frederic Chopin  Sokolniki Park  Festivals in Saint Petersburg  Paralympic  Victory Day  Russian government  Zarubezhneft   Debtors  Russian Poetry  Festivals in Moscow  Muslim  Transaero  Ada Yakusheva  Russian military equipment  Maxim Konchalovsky  Sergei Shoigu  Murmansk  Ufa  Ballets in Moscow  Exhibitions in Moscow  Elabuga  Modern Art  anniversary 


Travel Blogs
Top Traveling Sites