The Federal Tax Service has approved a new form of mineral extraction tax declaration and the procedure for filling it out. The updated requirements will apply to reporting starting in January 2026. The changes affect a wide range of subsoil users, including companies extracting concentrates and products containing precious metals.
The corresponding order comes into force in mid-February. The first declaration under the new rules will need to be submitted to the tax authorities no later than February 25, 2026.
One of the key innovations relates to the taxation of concentrates that contain one or more precious metals. For these types of products, the mineral extraction tax rate is fixed at 6%. In this case, the tax base will be determined based on the quantity of each chemically pure metal and its average world price for the reporting period.
The declaration form has been significantly redesigned. It included additional codes of types of minerals, grounds for taxation and positions on tax deductions. New lines have also appeared for coefficients and calculated indicators, which should provide a more accurate determination of the amount of tax, including for types of raw materials with complex composition.
The adjustments also affected the benefits system. In particular, certain tax preferences for residents of the special economic zone in Magadan region. At the same time, restrictions on the use of investment tax deductions have been lifted for these taxpayers. The list of objects for which a zero mineral extraction tax rate is allowed has been additionally expanded, and the rules for using deductions have been clarified.
The Federal Tax Service expects that the updated declaration will simplify tax administration and reduce the number of errors when filling out reports, especially in the segment of production of concentrates and products with mixed chemical composition.
The transition to a new form will require companies to revise accounting procedures and adapt internal systems. Subsoil users are advised to prepare in advance for changesin order to correctly generate reports for January 2026. The new rules are aimed at taking into account in more detail the specifics of mining and processing of mineral raw materials and at increasing the accuracy of the calculation of the mineral extraction tax.
Source: @nedradvnews
