Belarus may receive up to $400 million in compensation from Russia for tax manoeuvre in 2021 - Lukashenko

<p> MINSK, Aug 9 – PrimePress. Belarus can receive from Russian up to $400 million in 2021 in compensation for the “tax manoeuvre” in the oil sector. President of Belarus Alexander Lukashenko stated that during the “Big Talk with the President” on August 9, the president’s press service informed. </p> <p>   </p> <p> Lukashenko pointed out that Belarus does not want “a certain amount” in the light of the “tax manoeuvre”, but expects that Belarusian oil refineries would be in equal conditions with their Russian peers “at least for this purpose” (budgetary compensations for the "tax manoeuvre" – editor’s note). </p> <p>   </p> <p> As previously reported, Presidents of Russia and Belarus Vladimir Putin and Alexander Lukashenko met in St. Petersburg on July 13, 2021 to agree on credit support for Belarus related to the tax manoeuvre in Russia. Earlier, on June 1, 2021, Lukashenko said at a meeting on cooperation with Russia that at a meeting with Putin in Sochi on May 29, agreement had been reached to minimize losses of Belarusian oil refineries from the tax manoeuvre in Russia from January 1, 2022. </p> <p>   </p> <p> The tax manoeuvre in the oil and gas industry of the Russian Federation provides for gradual zeroing of the export duty on oil with a simultaneous increase in the tax on mineral extraction. The marginal duty rates calculated by the Russian government are multiplied by 0.833 in 2019, 0.667 in 2020, in 0.5 in 2021, 0.333 in 2022, and 0.167 in 2023. Russia will abolish the export duty on oil from 202. End </p>

2021-08-10

Primepress