ALROSA clarified the procedure for increasing the mineral extraction tax on diamonds

ALROSA clarified the procedure for increasing the mineral extraction tax on diamonds

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The amount of MET payments for diamonds mined by ALROSA is increasing within two months by a total of 19 billion rubles. in addition to the usual deductions at a rate of 8%, which she regularly pays to the budget of Yakutia. This was announced to Kommersant in the press service of the diamond mining company.

ALROSA became aware of the government’s plans to raise taxes on diamonds on December 9th. In addition, from March 10 to May 10, 2023, 46% of the MET will be centralized in the federal budget. Before, all 100% went to the budgets of the regional level.

Analysts of My Investments suggested that 19 billion rubles is the amount that will go only to the federal budget. Therefore, a one-time increase may amount to 41 billion rubles, which the company denies.

Read more about the plans to increase the severance tax for ALROSA in the material “Kommersant” “The Ministry of Finance has a diamond eye”.

Evgeny Zainullin

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