Putin exempted Gazprom from increased tax on export profits
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In February, the Ministry of Finance developed amendments to the Tax Code, according to which Gazprom would be exempted from increased income tax on the export of liquefied natural gas (LNG). Today law This was signed by Russian President Vladimir Putin.
In November 2022 in Russia from 20% to 34% was promoted income tax for LNG exporters. The new law will withdraw Gazprom and its subsidiaries from the increased rate. The updated tax measurement will apply to legal relations that have arisen since January 1, 2023.
For other companies, the increased tax rate will apply to legal relations that arose from 2023 to 2025. On the desire of the government to withdraw Gazprom from the increased tax earlier informed Interfax, citing a source.
About the increased tax burden – in the material “Kommersant FM” “LNG outlined the prospects”.
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