The Cabinet submits to the state Duma the amendment about increase in met on gas for Gazprom 36.7%

MOSCOW, October 10. The government has drafted a decree on amendments to the Tax code that allows for the increase in met on gas for Gazprom to earn extra income in the Federal budget in 2016. This is stated in the materials published on the government website.

As the disposition of the mineral extraction tax rate for Gazprom will be increased by 36.7%.

Available indicates that the rate will be increased by clarifying the order of calculations a base value of unit of conditional fuel by adjusting the base factor withdrawal and the establishment in this formula the additional factor characterizing the yield export of a unit of fuel equivalent of hydrocarbon material extracted. This adjustment will only be applied in 2016.

In 2015 the average value of the met on gas for Gazprom should be 788 rubles per 1 thousand cubic meters. The increase in mineral extraction tax, according to calculations by the Ministry of Finance will provide the additional budget of about 100 billion rubles.