Rosgeo proposed tax incentive measures for companies leading geological exploration. The agency wants to support the search for new mineral deposits through special income tax benefits.
The main idea is to allow companies to reduce their income tax by the amount of search costs. To increase the attractiveness of such investments, it is proposed to apply increasing coefficients: 3.0 for the Arctic territories and 1.5 for all other regions of the country.
The second direction is expanding the criteria for classifying reserves as hard-to-recover (TRIZ). This will make the development of more deposits cost-effective and will encourage companies to invest in their exploration.
The final decision on these proposals now rests with the Ministry of Natural Resources. However, experts doubt the speedy introduction of such benefits, especially in terms of expanding the TRIZ category. The reason is a potential decrease in state budget revenues.
Extraction at TRIZ deposits is subject to an additional income tax (AIT), which brings significantly less to the budget than the mineral extraction tax (MET). For comparison: last year, revenues from the mineral extraction tax amounted to 12.2 trillion rubles, and from the personal income tax – only 2 trillion rubles, that is, six times less.
The material was prepared with the support of the Russian Ministry of Education and Science as part of the Decade of Science and Technology.
Source: @nefte_baza
