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Sverdlovsk Business Ombudsman: Platinum mining tax will be reduced from October

Broadcast United News Desk
Sverdlovsk Business Ombudsman: Platinum mining tax will be reduced from October

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We recall that in 2021, the Federal Tax Service changed the way of taxing platinum group metals: they began to calculate the amount of mineral extraction tax by multiplying the tax base by the tax rate and the rental coefficient. The latter was introduced to balance the marginality of the production of different minerals. For precious metal concentrates, a tax rate of 6% and a k-rent of 1 were approved, but in practice the tax authorities considered platinum group metal concentrates as pure platinum and applied a coefficient of 3.5.

Atel faces problemsdeveloping sand mines in the Sverdlovsk and Chelyabinsk regions: its financial burden increased to 22.7% of revenues. Underground users seeking justice Let’s go to court.RG tracked these ups and downs in detail in 2022-2023. The problem is systemic in nature; some mining companies that are the focus of single-industry township tax payments say they are forced to abandon licenses or freeze projects. Their activities have become economically unprofitable because the development costs are the same (requiring licenses, forest land lease agreements, special technical work and subsequent reclamation)

The discount prices at which central banks discount precious metals vary widely. So, as of mid-August, platinum cost 7,301 rubles per gram, while gold cost only 2,794 rubles per gram.

“The K-rent issue was discussed at meetings of the Investment Committee, the Committee on the Development of Small and Medium Enterprises and, based on the results for 2023, was included in the Commissioner’s report. The Sverdlovsk region appealed to the government. The Ministry of Finance of the Russian Federation held several meetings over the past year and ultimately made the decision proposed in 259-FZ, which fully took into account the suggestions of entrepreneurs and was unanimous. According to established judicial practice,” the Office of the Business Ombudsman stressed.

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