The Federal Customs Service of Russia reminds: from January 1, the duty on oil exports from Russia has been zeroed as part of the completion of the tax maneuver
From January 1, 2024, the duty on exports of oil and oil products from Russia is zeroed as part of the completion of the tax maneuver. From 2019, the customs duty on these categories of goods was reduced annually by 1/6 of the full value until its abolition in 2024.
Thus, the amount of customs revenues from the export of oil and oil products was gradually reduced, but in parallel, the mineral extraction tax (MET), administered by the Federal Tax Service of Russia, was increased by the same amount.
Now for certain goods produced from oil, the rate of export customs duty will consist only of the coefficient «n» which can take the value of 0 rubles per ton or 50,000 rubles.
For reference:
The rate of export customs duty on oil is the basis for the calculation of export customs duties on goods produced from oil. In this case, the calculation of export customs duty rates for certain categories of goods produced from oil is carried out in accordance with the methodology approved by the Government of the Russian Federation on March 29, 2013 № 276.