Source claims OPEC and non-OPEC states finalizing results of meeting, agreement 'close'Business & Economy December 10, 17:07
Bloomberg: Non-OPEC states agree to cut oil production by more than 600,000 barrelsBusiness & Economy December 10, 16:22
More than 20 states that produce more than half of world's oil take part in OPEC meetingBusiness & Economy December 10, 13:05
Russian energy minister Novak sees 'no risk' OPEC agreement failsBusiness & Economy December 10, 12:43
Defense ministry organizes mass escape for Aleppo civilians via humanitarian corridorsWorld December 10, 12:38
Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
MOSCOW, November 6. /TASS/. The budget and tax committee of the Russian State Duma lower parliament house on Wednesday supported the idea of tax privileges for gas to be pumped to China via the Sila Sibiri (Power of Siberia) gas pipelines.
The committee supported the government’s amendments to the law on indexing excise duties and a tax maneuver that provide for tax privileges on the mineral extraction tax and corporate property tax for companies involved in the implementation of the project for China-bound gas supplies via Sila Sibiri.
One of the amendments provides for slashing to zero the mineral extraction tax within the first 15 years of the developments of gas fields located, fully or partially, in Russia’s Siberian Irkutsk region and the republic of Yakutia. The tax will be flattened out in a period from 16th to 24th year of the fields’ development. This way, the gas extraction tax at the Chayadinskoe and Kovykta gas fields will be slashed to zero.
Another amendment offers a 20-year privilege on the property tax applicable to gas mains and facilities of such pipelines, gas production facilities and helium production and storage facilities. Such facilities that are now being built under the Sila Sibiri projects will enjoy zero property tax in a period from 2015 to 2035. “No such privileges will be applicable to other facilities,” said Russian Deputy Finance Minister Sergei Shatalov.