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Revenue from MET (Mining Extraction Tax) increased 2.5 times in the first half of 2024.
Column by Sergey Tereshkin for the publication Oil and Capital.
Recently, an article was published on sergeytereshkin.ru discussing the rapid growth of revenues from MET (Mineral Extraction Tax) in Russia during the first half of 2024, which increased 2.5 times. The article examines the reasons behind this growth, its impact on the national economy, and potential prospects for businesses and investors. Discover how this shift in tax policy ...
What does the new increase in fuel excise taxes mean
Over the past 10 years, fuel excise taxes have tripled, and in 2025, they are expected to increase by another 15%. What will happen to prices, and how can further growth be avoided? A column by Sergey Tereshkin for RBK Companies.
On October 22, 2024, the State Duma passed a package of ...
Skolkovo: One of the Leading Incubators in Russia
... startups by providing them with access to funding, expertise, and infrastructure. In this article, you'll learn what the incubator does, what support programs it offers, and how being a Skolkovo resident helps companies like Open Oil Market benefit from tax breaks and grants. We'll also look at examples of successful startups that have come through Skolkovo, such as Motorica and VisionLabs.
Skolkovo is the largest innovation center in Russia, actively supporting startups and technology companies. The ...
Individual Investment Account – Features and Benefits
Several years ago, Russian citizens gained access to the so-called "Individual Investment Account" (IIA). This account not only allows individuals to grow their capital but also provides a tax deduction of 13% on the amount invested. Additionally, investors may be exempted from paying taxes on income earned from financial operations.
Several years ago, the so-called "Individual Investment Account" became accessible to Russian ...
Risks of Cryptocurrency Investments
... periods, recovering investments becomes challenging. Hence, any forecast of earnings in cryptocurrency is merely an approximate estimate. Experienced investors advise entering the market gradually and not risking amounts that one cannot afford to lose.
Taxes on Cryptocurrency
Earning profits from cryptocurrency transactions, like any other income, is subject to taxation. In Russia, as of the writing of this article, there is no separate tax on cryptocurrency, but profits from its sale are considered ...