Belarus may start receiving compensation for Russian tax manoeuvre by year end - ambassador
<p> MINSK, Aug 31 - PrimePress. Belarus may start getting compensation for losses resulting from the Russian tax manoeuvre as early as the end of the year, BelTA reports with reference to Belarus’ Ambassador to Russia Vladimir Semashko. </p> <p> </p> <p> “Certain compensation will begin next year or even at the end of this year,” said Semashko. The ambassador did not specify how exactly Belarus will be compensated. “Certain documents will appear. You will read them and understand it. It will be open to the general public,” said Semashko. </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 2024. End </p> <p> </p> <p> Belarus’ Finance Ministry has estimated that the total losses of the Belarusian budget and the oil refining industry from the consequences of the tax manoeuvre in the Russian oil industry will amount to about $400 million in 2021 alone. End </p>
2021-09-01
Primepress
Belarus may start receiving compensation for Russian tax manoeuvre by year end - ambassador
MINSK, Aug 31 - PrimePress. Belarus may start getting compensation for losses resulting from the Russian tax manoeuvre as early as the end of the year, BelTA reports with reference to Belarus’ Ambassador to Russia Vladimir Semashko.
“Certain compensation will begin next year or even at the end of this year,” said Semashko. The ambassador did not specify how exactly Belarus will be compensated. “Certain documents will appear. You will read them and understand it. It will be open to the general public,” said Semashko.
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 2024. End
Belarus’ Finance Ministry has estimated that the total losses of the Belarusian budget and the oil refining industry from the consequences of the tax manoeuvre in the Russian oil industry will amount to about $400 million in 2021 alone. End