Taxation in Russia

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In 1698, Tsar Peter the Great of Russia, as he would come to be know, was waging a war on beards. In an attempt to modernize his empire and make it more like the west after spending years exploring Europe in disguise, Peter instituted a tax on facial hair. You could avoid it by shaving, […]

Investment in Russian refining remains risky and refining margins strained if not negative with the latest tax changes in the refining and motor fuel retail segments unlikely to remove the sector’s volatility, independent Vygon Consulting said Wednesday.

Russia, one of the world’s top three crude producers, is preparing the most radical shakeup of its oil-tax system since 1999. The changes, which will allow the nation’s producers to export crude and oil products duty-free while raising their costs at the wellhead, is set to get the go-ahead from President Vladimir Putin by year-end, […]

Russia, whose official stance on digital currencies over the past year has been criticized for its vagueness, is trying to introduce some clarity with regard to tax frameworks for cryptos.

The Russian budget will get a boost of at least 1 trillion roubles ($16 billion) from changes to taxation in oil production and refining in the next six years, two government officials said on Thursday.

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