Tax maneuver in Russian oil production industry

Authors: V.V. Ponkratov (Financial University under the Government of the Russian Federation, RF, Moscow)

Key words: taxation of oil production, mining tax, customs duty, tax maneuver.

In this article options of tax maneuver in oil industry and consequences of their realization for the Russian economy are analyzed. The main option of tax maneuver is to increase base rate of mineral extraction tax and simultaneously to decrease export customs duty rates on crude and light oil products. Over next years, countries of the Customs Union shell develop a common policy in fuel and energy complex and harmonize systems of export customs duty on oil and products of its processing. The author formulated suggestions how to improve taxation of oil extraction in Russia. For example, it was suggested to remove connection between mineral extraction tax and world oil prices and to transfer the main fiscal effect to the mechanism of the export customs duty. It will allow to avoid price increase for fuel and production of the petrochemical industry in domestic market and to ensure adequate flow of funds to the budget.

References
1. Informatsiya ob ispolnenii konsolidirovannogo byudzheta tsentral'nogo
pravitel'stva Rossiyskoy Federatsii za 2013 god (Information about the implementation of the consolidated budget of the central government of
the Russian Federation for 2013), URL: http://www.roskazna.ru/konsolidirovannogo- byudzheta-rf/
2. Proekt Osnovnykh napravleniy nalogovoy politiki Rossiyskoy Federatsii
na 2015 god i planovyy period 2016 i 2017 godov (The project of Main Directions for the tax policy of the Russian Federation for 2015 and the planning period of 2016 and 2017), URL: http://www.minfin.ru/ru/tax_relations/ policy/index.php
3. Nalogovogo shoka dlya neftyanikov ne budet (Will not tax shock for oil
industry), URL: http://www.vedomosti.ru/finance/news/27057241/nalogovogo-shoka-dlya-neftyanikov-ne-budet
4. Letter of the Federal Tax Service no. DG 4-3 / 13807 of July 16, 2014 “O
dannykh, neobkhodimykh dlya ischisleniya NDPI v otnoshenii nefti, za iyun'
2014 goda” (About the data required for the calculation of the severance
tax on oil for June 2014).
5. Ponkratov V.V., Improving the system of taxation of oil and gas production
based on the hydrocarbon potential of the Russian economy (In
Russ.), Nalogi i finansovoe pravo, 2012, no. 7, pp. 227.
6. Ponkratov V.V., Improving the taxation of oil production (In Russ.), Finansy, 2011, no. 6, pp. 40. 

Key words: taxation of oil production, mining tax, customs duty, tax maneuver.

In this article options of tax maneuver in oil industry and consequences of their realization for the Russian economy are analyzed. The main option of tax maneuver is to increase base rate of mineral extraction tax and simultaneously to decrease export customs duty rates on crude and light oil products. Over next years, countries of the Customs Union shell develop a common policy in fuel and energy complex and harmonize systems of export customs duty on oil and products of its processing. The author formulated suggestions how to improve taxation of oil extraction in Russia. For example, it was suggested to remove connection between mineral extraction tax and world oil prices and to transfer the main fiscal effect to the mechanism of the export customs duty. It will allow to avoid price increase for fuel and production of the petrochemical industry in domestic market and to ensure adequate flow of funds to the budget.

References
1. Informatsiya ob ispolnenii konsolidirovannogo byudzheta tsentral'nogo
pravitel'stva Rossiyskoy Federatsii za 2013 god (Information about the implementation of the consolidated budget of the central government of
the Russian Federation for 2013), URL: http://www.roskazna.ru/konsolidirovannogo- byudzheta-rf/
2. Proekt Osnovnykh napravleniy nalogovoy politiki Rossiyskoy Federatsii
na 2015 god i planovyy period 2016 i 2017 godov (The project of Main Directions for the tax policy of the Russian Federation for 2015 and the planning period of 2016 and 2017), URL: http://www.minfin.ru/ru/tax_relations/ policy/index.php
3. Nalogovogo shoka dlya neftyanikov ne budet (Will not tax shock for oil
industry), URL: http://www.vedomosti.ru/finance/news/27057241/nalogovogo-shoka-dlya-neftyanikov-ne-budet
4. Letter of the Federal Tax Service no. DG 4-3 / 13807 of July 16, 2014 “O
dannykh, neobkhodimykh dlya ischisleniya NDPI v otnoshenii nefti, za iyun'
2014 goda” (About the data required for the calculation of the severance
tax on oil for June 2014).
5. Ponkratov V.V., Improving the system of taxation of oil and gas production
based on the hydrocarbon potential of the Russian economy (In
Russ.), Nalogi i finansovoe pravo, 2012, no. 7, pp. 227.
6. Ponkratov V.V., Improving the taxation of oil production (In Russ.), Finansy, 2011, no. 6, pp. 40. 


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