Mining Tax

Article 346.37. Specificities in the determination of the tax base, calculation and tax on mining in the implementation of agreements

1. The provisions of this article shall apply to the implementation of agreements which provide for the conditions for the division of the produce produced in accordance with article 8, paragraph 1, of the Federal Act on Agreements on the Distribution of Products.

2. Taxpayers determine the amount of the tax Miningto be paid in accordance with Chapter 26 of this Code, taking into account the particulars established by this Article.

3. The tax base for oil and gas condensate from oil and gas condensate is defined as the quantity of natural minerals produced in accordance with article 339 of this Code.

4. The tax base is defined separately under each agreement.

5. The tax rate for oil and gas condensate from oil and gas fields is 340 roubles per tonne. At the same time, the tax rate is applied with the ratio of world oil prices to Kz.

This factor is determined on a monthly basis by the taxpayer by the formula:

Kz = (C - 8) x P / 252,

where C is the average for the tax period, the value of the Urals crude in United States dollars per barrel;

P is the average value for the tax period of the United States dollar against the rouble of the Russian Federation established by the Central Bank of the Russian Federation.

The average value of the United States dollar ' s tax period to the rouble of the Russian Federation, as determined by the Central Bank of the Russian Federation, is determined by the taxpayer as the average of the United States dollar against the rouble of the Russian Federation established by the Central Bank of the Russian Federation for all days in the relevant tax period.

The average price of crude oil in the tax period is defined as the sum of the average arithmetic prices for the purchase and sale of oil raw materials (Mediterranean and Rotterdam) in all calendar days of tender divided by the number of days of tender in the relevant tax period.

In the past month, the levels of crude oil prices in the world ' s oil markets (Mediterranean and Rotterdam) are transferred monthly, no later than the 15th of the following month, through official sources of information, in accordance with the procedure established by the Government of the Russian Federation.