The Ministry of Finance named the expected amount of increased income tax on LNG

2022-10-12T13:05:00+03:00

2022-10-12T13:22:47+03:00

2022-10-12T13:05:00+03:00

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The Ministry of Finance named the expected amount of increased income tax on LNG

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An increased income tax rate for LNG producers could reach 32-34%, Russian Deputy Finance Minister Alexei Sazanov told reporters. “There will be an increased rate… PRIME, 10/12/2022

energy, taxes, economy, news, Ministry of Finance of the Russian Federation, taxes, energy, LNG

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The Ministry of Finance named the expected amount of increased income tax on LNG

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MOSCOW, 12 Oct — PRIME. An increased income tax rate for LNG producers could reach 32-34%, Russian Deputy Finance Minister Alexei Sazanov told reporters.

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The Ministry of Finance spoke about the “unacceptable” practice of oil exporters

“There will be an increased income tax rate from 32% to 34%,” Sazanov answered the question of what additional exemptions for LNG would be included in the budget.

He also clarified that an additional term in the formula for calculating the MET for coal is introduced for the first three months of 2023, then the formula will return to the previous level.

Earlier, in the draft federal law on amendments to the tax code, the Ministry of Finance of the Russian Federation proposed to increase the income tax for exporters of liquefied natural gas (LNG) in 2023-2025 to 32%, estimated additional income in 2023 at 200 billion rubles.

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Russian Energy Week takes place in Moscow on October 12-14. RIA Novosti acts as an information partner of the forum.


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