Finance Ministry proposes to raise income tax for LNG exporters to 32%
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The Russian Ministry of Finance submitted amendments to the Tax Code to the State Duma. In them, among other things, the agency proposed to increase the income tax for exporters of liquefied natural gas to 32% from the beginning of 2023 to the end of 2025.
As the document says.pdf), 15% of income tax will be sent to the federal budget, 17% – to the budgets of the regions. According to the ministry, federal budget revenues in the event of a tax increase will amount to 200 billion rubles. by 2023.
Income tax rates are planned to be increased to cover the budget deficit. The federal budget for 2023 was drawn up with a deficit of 2.9 trillion rubles. First of all, the proposal of the Ministry of Finance will affect the project of NOVATEK “Yamal LNG” and “Sakhalin-2” of “Gazprom”.
Read more about the proposal of the Ministry of Finance – in the material “Kommersant” “Taxes on liquefied gas are thickening”.
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