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.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Jan 2017
Revocation date:
No revocation date
Announced: 28 Dec 2016
Tax or social insurance relief
In force
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 tax base using a ratio of ...
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