Deputy Finance Minister Sazanov denies the Finance Ministry’s plans to increase the extraction tax on coal in the fourth quarter

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The Ministry of Finance of the Russian Federation denied plans to increase the mining tax (MET) on coal in the fourth quarter of 2023. Deputy Finance Minister Aleksey Sazanov told reporters there was “a misunderstanding”. Her words delivery Hit the lining.

On the eve of the newspaper “Kommersant”, with reference to the press service of the Ministry of Finance reportedHe said the ministry is considering the possibility of increasing the severance tax in the coal sector in October-December.

“We continue to monitor the situation in the coal industry. If the first quarter passes with good financial results, we will propose an increased BAT for the fourth quarter, not the introduction of export duties,” the Ministry of Finance press service told the newspaper.

Sazanov noted that there was a misunderstanding.

“We did not decide to collect anything, let the matter be decided here at the government level. Therefore, we are only talking about the fact that they (coal companies – ed.) paid an increased MET in the first quarter, therefore they are now exempt from tax. “Then the government will make a decision about them,” he said.

Sazanov said that any decision on this issue will ultimately be taken by the government and the head of the Russian Federation.

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