Russia’s Finance Ministry believes that the methodology for the provision of new benefits is not effective: the procedure is violated, it remains possible to manipulate the data.
MOSCOW, 2 Nov. The Finance Ministry proposes to January 1, 2016 to stop issuing new concessions for export duties, wrote on Monday the newspaper “Vedomosti” with reference to the presentation of the Ministry.
According to the publication, the tax has become the main topic on the presidential Commission on fuel and energy complex on October 27, but the tough dispute of the Ministry of Finance with the Ministry about the new tax system and the government’s decision to withdraw another 200 billion rubles in taxes from the oil companies and “Gazprom” in 2016.
Earlier the energy Ministry has proposed to reduce the tax burden on depleted field by using the tax on financial result (NFR). The bill submitted to the Duma. The Finance Ministry, however, felt targeted benefits and proposed to introduce a tax for all deposits. Deputy Prime Minister Arkady Dvorkovich said that the decision to impose PR in the oil industry accepted and will not be reviewed; at the same time will be worked out by the Finance Ministry’s proposals on the introduction of the NDM.
However, the law has not yet developed and seriously deal Reuters the Finance Ministry plans only after 2016 when developing the budget for 2017-2018, said the Deputy Minister of Finance Maxim Oreshkin, the newspaper notes.
The Finance Ministry believes that the methodology for the provision of new benefits is not effective: the procedure is violated, it remains possible to manipulate the data, writes the edition with reference to the presentation of the Ministry.
Now to claim exemptions for export duties, about 20 fields, eight benefits already received, said the publication of the portfolio Manager GL Financial Group Sergey Vakhrameev. In 2016 the company plans to launch Suzunskoye field (Rosneft), Gazprom Neft (“Gazprom Neft”) and Deposit them. Field (LUKOIL) — they may qualify for a low rate for the export tariff. But a moratorium on concessions with 2016, in case PDM will only work with 2017 or later, will create uncertainty in the Economics of the projects and the company may defer, Vakhrameev said the newspaper.
Representatives of “Gazprom Neft”, “LUKOIL”, “Rosneft” and the Ministry of energy declined to comment.