The budget committee of the State Duma recommended adopting in first reading the draft regarding a tax on the excess income of the extraction industries for the years 2027-2029, writes Vadomosti. A rate of 30% of additional income for several sectors and 20% for gold should bring in 200 billion rubles a year. For a second reading, the representatives request that the formula take into account the real production costs and currency fluctuations. Also, the committee opposed the granting of tax supervision functions to markets with the right to block goods, and suggested limiting the exchange of data with the tax authorities.

The budget committee of the State Duma recommended adopting in first reading the draft regarding a tax on the excess income of the extraction industries for the years 2027-2029, writes Vadomosti. A rate of 30% of additional income for several sectors and 20% for gold should bring in 200 billion rubles a year. For a second reading, the representatives request that the formula take into account the real production costs and currency fluctuations. Also, the committee opposed the granting of tax supervision functions to markets with the right to block goods, and suggested limiting the exchange of data with the tax authorities.