Timetric’s Russian fiscal regime report outlines the governing bodies, governing laws, business licenses, rights and obligations and tax-related information on eight commodities: iron ore, copper, gold, silver, nickel, zinc, bauxite and coal.
Timetric's fiscal regime report covers Russia, which has a range of natural resources, including oil fields, coal deposits and numerous strategic minerals. However, adverse climatic conditions and remote locations make the exploitation of many resources difficult.
The report outlines the governing bodies, governing laws, business licenses, rights and obligations, key fiscal terms which includes one-time payments and fees, mineral extraction tax, profit tax, transport tax, land tax, depreciation, loss carry forward and value added tax (VAT).
Gain an overview of Russia’s mining fiscal regime.
The Ministry of Energy is a federal executive body responsible for drafting and implementing government policy and legal regulation in sectors including oil and fuel, electric power, renewable energy and hydrocarbons.
The Federal Agency for Mineral Resources is a federal body of executive authority responsible for providing state services, managing state property, and legal regulation in the sphere of subsoil.
The Ministry of Natural Resources and Environment of the Russian Federation is a federal executive body responsible for formulating government policy and legal regulation in the field of the exploration, use, reproduction and protection of natural resources.
The Federal Service of Environmental, Technological and Nuclear Surveillance is an authorized agency for issuing mining allotments