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China's Ministry of Finance has announced the extension of ad valorem resource taxes to certain minerals with effect from July 1, 2016. Read Full Story
Russia's Parliament is considering a draft bill to increase the mineral extraction tax on gas companies. Read Full Story
Ukraine's Finance Minister, Natalie Jaresko, has announced plans for a substantial cut in royalties for oil and gas companies. Read Full Story
China's Ministry of Finance has confirmed the rates of resource tax to be imposed on rare earths, tungsten, and molybdenum production with effect from May 1, 2015, replacing the export quotas and duties that had previously been eliminated in conformity with last year's World Trade Organization ruling. Read Full Story
The Canadian Government has tabled a detailed Notice of Ways and Means Motion to implement tax provisions contained in its 2014 Budget, along with a number of previously unannounced measures. Read Full Story
The European Commission has found that the UK's reduced aggregates levy for Northern Ireland is compatible with European Union rules on state aid, four years after the credit scheme was suspended in the wake of a European General Court ruling. Read Full Story
The Irish Government is to hike the top tax rate payable on offshore petroleum exploration and production, to ensure that the State reaps more revenue from future licensees. Read Full Story
Russian President Vladimir Putin has called for tax breaks to be extended to more gas deposits that supply the Novatek-controlled liquefied natural gas project in the Yamal peninsula. Read Full Story
Russia is considering decreasing the export tax for crude and most oil products, as well as raising the extraction tax rate, while it undertakes a program to incentivize exploration.Read Full Story
The British Aggregates Association has branded HM Revenue and Customs "misleading" and "irresponsible", following a recent announcement to the quarry industry about a European Commission investigation into the aggregates levy. Read Full Story
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