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Published data on the new tax rate on the export of Russian nickel

The Russian government has approved the new size of the tax levied on the export of nickel from Russia beyond the territories of the participating countries of the Customs Union agreement. Starting from June 5 this year, with exports of each ton of metal in the state treasury will be made payments in the amount of US $ 1447.6. This is 16.2% more than the current rates today (introduced in early March 2012), equal to 1245.5 dollars per ton. New dimensions of export tax regulated by the nickel Resolution № 431, signed last week, Russian Prime Minister, Vladimir Vladimirovich. Putin.

Earlier, when selling to foreign buyers of nickel in Russia operated fixed — 10% tax. In the spring of last year in the country's legal framework was amended, whereby the size of payments to the budget officials began to count on a quarterly basis according to the current reporting period in nickel prices (with reference to his quotes on the LME — London Metal Exchange). Monitoring the cost of nickel is regularly carried out by employees of the Ministry of Economic Development of the Russian Federation, on the basis of which set the preliminary tax rate, the final amount of which is approved by the Government.

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