IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: No inception date

Export tax

Rossiyskaya Gazeta, an official newspaper of the Russian Government, Issue 6478 of 11 September 2014, reports that the Cabinet of Ministers has prepared a draft bill that alters the oil tax and customs legislation. The major amendments are as follows:

  • A 1.7-fold increase of the export duties on oil and a 1.7-5-fold in crease on export duties on oil products.
  • In order to prevent a price increase on the domestic market, the excise duty on petroleum products will be reduced and certain tax benefits will be provided.
  • The tax burden in hard to extract oil areas will be reduced between 5 and 24 per cent.
  • The tax on oil condensate will be increased 6.5-fold. Oil condensate may be sold as oil for refinement among other applications.

The purpose of this particular state measures forms part of the targeted interventions of the Russian Government in recent years to increase the export of more refined oil products.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2709 Petroleum oils and oils obtained from bituminous minerals, crude.
270900 Petroleum oils and oils obtained from bituminous minerals, crude.
333 Petroleum oils & oils of bituminous materials, other than crude
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271012 Light oils and preparations
271019 Other
271020 Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the bas
399 Other wastes & scraps
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271099 Other

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