November 09, 2022 09:52 GMT
Russia’s Approves Profit Tax Hike On LNG Exporters
LNG
The Russian Duma Budget and Taxes Committee has approved a tax hike raising profit taxes on LNG exporters to 34% from 20% for 2023-2025, according to Interfax.
- The tax increase will only apply to companies that exported gas prior to 31 December 2022.
- The increase will not apply to new projects.
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