Arab Today, arab today pegging gas extraction tax to world prices
Last Updated : GMT 21:26:48
Arab Today, arab today
Arab Today, arab today

Pegging gas extraction tax to world prices

Arab Today, arab today

Arab Today, arab today Pegging gas extraction tax to world prices

Moscow - Ria Novosti

Russia\'s Finance Ministry has proposed the government should peg the gas extraction tax to international gas prices from 2013, Deputy Finance Minister Sergei Shatalov said on Tuesday. \"As for gas, we\'ll probably try to switch to a formula next year pegged to international prices so that we don\'t have to make readjustments every year by an amount that is not quite comprehensible,\" Shatalov said, adding that the formula pegging the oil extraction tax to international oil prices should be used as a guideline. This measure will help keep the tax burden on the gas industry stable, he said. Russian President Dmitry Medvedev said in his budget address to parliament in June that the tax burden on the gas sector needs to be increased to boost budget revenues. \"To increase budget revenues, and taking into account the favorable price conditions on external markets, it is necessary to continue increasing the tax burden on the gas sector, which means collecting surplus revenues from taxpayers receiving them through their operations on world natural gas markets,\" Medvedev said. The Russian government is discussing measures to raise the subsoil tax on gas production from next year, and double it for the gas monopoly Gazprom. For independent gas producers the mineral extraction tax will rise to only 251 rubles per 1,000 cubic meters in 2012 from the current 237 rubles for all gas producers and to 265 rubles in 2013 under the formula in the Tax Code.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pegging gas extraction tax to world prices Arab Today, arab today pegging gas extraction tax to world prices

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pegging gas extraction tax to world prices Arab Today, arab today pegging gas extraction tax to world prices

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb

GMT 23:44 2017 Saturday ,03 June

OPEC daily basket price for Tuesday, 30th May 2017
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday