... first half of 2024, according to calculations by Open Oil Market based on data from the Ministry of Finance and the U.S. Energy Information Administration (EIA). Consequently, the Ministry of Finance employs a fixed discount of $20 per barrel under the Tax Code, which remains smaller than the actual discount prevalent in the first half of 2023. Revenues from the Additional Income Tax (AIT) are also rising. In the first seven months, AIT collections more than doubled, increasing by 841 billion rubles....

... terms and types of leasing, and government subsidy programs help reduce leasing costs, especially for enterprises in priority sectors such as agriculture, manufacturing, and transportation. From a legal standpoint, leasing is regulated by the Civil Code of the Russian Federation and the Federal Law "On Leasing." There are also tax benefits allowing for accelerated depreciation of leased assets, enabling companies to write off their value more quickly. My company, Open Oil Market, actively utilizes leasing to support our business development. We have leased servers to ensure ...

... since the EU imposed an embargo on maritime supplies of petroleum products from Russia, yet the government continues to use Rotterdam hub quotes to calculate subsidies for the damper mechanism. If the Rotterdam quotes exceed the threshold set in the Tax Code for AI-92 gasoline and diesel fuel, oil companies receive payments from the budget. Otherwise, the oil companies contribute to the budget. The last time oil companies contributed to the budget was in February 2021, after which payments have only ...

... interconnected. Earning Money from Accounts Receivable How can an average individual make money from accounts receivable? Upon purchasing a lot in relevant auctions, the buyer acquires the right to demand payment. This procedure is regulated by civil and tax codes. The transfer of rights to claim a debt often arises from the debtor's difficult financial situation or low chances of repayment. In such cases, it is much easier to sell the debt than to make futile attempts to negotiate with the creditor. The ...

... the latest export ban coincided with the Finance Ministry’s draft law on splitting the fuel damper mechanism. Currently, oil companies may lose damper payments if exchange prices for AI-92 gasoline or diesel fuel exceed the threshold set in the Tax Code. However, under the draft law, the damper would only be nullified for the specific type of fuel whose price exceeds the legally established maximum. This measure will support the profitability of oil product production and sales, while the changes ...