Moscow—Russia’s Finance Ministry has stuck to its guns on future mineral extraction tax (MET) rates for gas producers for the period 2013-2015, broadly confirming a plan first outlined in May despite company pleas to lessen the burden, analysts said September 19. The ministry on its website September 18 published a draft for changes to the tax code introducing a new formula for calculating MET rates between July 2013 and December 2015. If implemented, it would double rates for state-owned gas producer Gazprom but more than quadruple rates for independent gas producers.
展开▼
