extraction tax News
IMF Proposes VAT Rate Hike For Russia
by Ulrika Lomas, Tax-News.com, Brussels
Friday, July 14, 2017
Russia should hike value-added tax by four percent to 22 percent and lower social security contributions, the International Monetary Fund has proposed. Read Full Story
China Extends Resource Tax Reform
by Mary Swire, Tax-News.com, Hong Kong
Wednesday, May 11, 2016
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 Considers Hike In Gas Extraction Tax
by Tatiana Smolenskaya, Tax-News.com, Moscow
Monday, October 12, 2015
Russia's Parliament is considering a draft bill to increase the mineral extraction tax on gas companies. Read Full Story
Ukraine To Slash Tax On Oil, Gas Industry
by Tatiana Smolenskaya, Tax-News.com, Moscow
Tuesday, July 14, 2015
Ukraine's Finance Minister, Natalie Jaresko, has announced plans for a substantial cut in royalties for oil and gas companies. Read Full Story
China Levies Resource Tax On Rare Earths
by Mary Swire, Tax-News.com, Hong Kong
Friday, May 1, 2015
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
Canada To Implement 2014 Budget Tax Provisions
by Mike Godfrey, Tax-News.com, Washington
Wednesday, October 15, 2014
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
EC Approves Aggregates Levy Reduction In Northern Ireland
by Amanda Banks, Tax-News.com, London
Wednesday, August 13, 2014
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
Ireland Plans Higher Taxes On Offshore Petroleum
by Jason Gorringe, Tax-News.com, London
Tuesday, June 24, 2014
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 Orders More Tax Breaks For Yamal LNG
by Tatiana Smolenska, Tax-News.com, Moscow
Tuesday, November 5, 2013
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 To Lower Oil Export Duty In November
by Tatiana Smolenska, Tax-News.com, Moscow
Thursday, October 17, 2013
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
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