Date: 4 weeks ago   Category: Energy

Gazprom Neft will continue discussion with the government of additional tuning of tax maneuver — Rambler News Service


Photo: News/Mikhail Voskresensky Gazprom Neft will continue by RIA discussion with the Government of the Russian Federation of possible additional tuning of tax maneuver in oil branch regarding application of the damping excise, has said in the deputy CEO of Gazprom Neft for economy and finance Alexey Yankevich during the telephone conference of the company. "We continue to conduct dialogue about additional tuning of excises, including considering the so-called damping component. We continue to discuss her details" — he has told, answering a question of a position of the company concerning completion of tax maneuver. Yankevich has added that in general the accepted parameters of tax maneuver are optimum. On July 24, 2018 the State Duma has adopted the bill of completion of tax maneuver in oil branch. The bill offers gradual decrease in a rate of the export customs duty on oil from 30% to 0% of the oil price within 6 years, since January 1, 2019. Budget revenues will be compensated for the account of increase in the amount of a severance tax (MET) which will be paid by subsoil users at oil and gas condensate production. The Minister of Energy of the Russian Federation Alexander Novak explained that within completion of tax maneuver by the Government of the Russian Federation it is planned to enter two negative excises, one of which compensates cancellation of export duty and increase in MET in order that the companies have kept the tax burden at the level of before tax maneuver, and the second – the damping negative excise which can either be applied or not be applied depending on a price environment in the world markets, depending on an export alternative.

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