Tax manoeuvre in the oil industry doesn’t lead systemic risks in FEC in H1
Edited by Rhod Mackenzie / 2015-10-30 03:01:28
The tax manoeuvre in the oil industry hasn’t led to systemic risks in the energy sector in the first six months of 2015, says a report, today released by the Ministry of Finance on the impact of the man0euvre on the oil sector of the economy from the report to the President of the Russian Federation.
The tax manoeuvre is a scheme, in which the export duty on crude oil decreases, while the severance tax and excise duties increase. Such measure is designed to encourage the export of petrochemical products, instead of crude oil.
