Russian Federation: Super-deductions for Exploration and Prospecting of Hydrocarbons

Announcement

28 Dec 2016

On 28 December 2016, the Russian Government granted oil and gas companies the right to deduct 150% of their exploration and prospecting costs from their profit tax base.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jan 2017

Revocation date:

No revocation date

Updated: 28 Dec 2016

Tax or social insurance relief In force

<p>On 28 December 2016, the Russian Government adopted a law allowing oil and gas companies to deduct expenses on the offshore geological exploration of hydrocarbons from their...