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The Russian government has recently backed a profit-based oil taxation initiative but the bill still needs to be passed. Low oil prices have heated up the taxation debate between the government and the industry. Current taxation is suitable for maintaining production at low-cost fields. 10 oil tax incentives have been introduced since 2007 for higher cost projects. Profit-based taxation could become a long-term solution if a suitable mechanism for tax deductible capital expenses is established.
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This report includes 2 file(s)
Fiscal systems for oil in Russia PDF - 1.20 MB 7 Pages, 0 Tables, 8 Figures
Fiscal systems for oil in Russia.xls XLS - 212.00 KB
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This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
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Insight | Aug 2015
Fiscal systems for oil in Russia
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