Tax credits for hard-to-recover oil and gas shifted for 2027
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What is NDD
The additional income tax regime has been in place in Russia since 2019. It should encourage oil companies to continue producing in depleted fields and invest in the development of new ones. AIT is 50% of the company’s income minus production and logistics costs. Mineral extraction tax (MET) in the application of AIT is not canceled, but is reduced for companies by an average of 40%. The deposits that are included in the AIT perimeter are divided into five groups.
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