Take Your Trading To The Next Level. Get Started Here!

Russia preparing tax increases for coal mining and exports: document

October 3, 2022 Comments Off

Russia will increase by Rb380/mt ($6.50/mt) the mineral extraction tax for coking coal, while coal miners are also bracing themselves for an additional export duty the ministry of finance is currently drafting. The new severance tax rate will take effect on Jan. 1 until March 31, according to an official document seen by S&P Global Commodity Insights. According to a…