After Russia proposed to increase the mineral extraction tax (MET) next year, the Finance Ministry on August 30 proposed linking the mineral extraction tax to world metal prices, and the policy was expected to end in October.
However, it has been difficult to formulate a tax rate that is compatible with fluctuations in world prices, and the details have yet to be determined.
Currently, the tax rate on the extraction of solid minerals in Russia is 3.5%, and the tax rate may increase from 3.5% to 10%.
Mineral extraction tax in Russia will be pegged to world prices
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Azovpromstal® 2 September 2021 г. 11:56 |
