The Ministry of Energy sets criteria for obtaining a "reverse excise tax" for the modernization of refineries

31.03.2023       

The Ministry of Energy of Russia has developed a draft government decree establishing criteria for obtaining a "reverse excise tax" for oil by companies participating since 2019 in the state program for the modernization of oil refineries (refineries). The document was published on the regulation.gov.ru portal.

According to the project, a company receiving payments under the reverse excise tax must meet three criteria as of January 1, 2023. Firstly, the legal entity should not be in the process of reorganization, liquidation, exclusion from the Unified State Register of Legal Entities. Secondly, the company should not have tax debts, fees and insurance premiums. And thirdly, the company must invest at least 60 billion rubles in the modernization of the refinery. and/or send more than 4 million tons of feedstock to its own processing facilities in 2022.

Compliance with these criteria will mean that the refinery will be able to receive a reverse excise tax on oil in 2024 and 2025 These criteria will make it possible to identify companies that are at the final stage of implementing agreements on the modernization of refineries and are bona fide taxpayers, follows from the explanatory note to the document. Vedomosti

the company must invest at least 60 billion rubles in the modernization of the refinery. and/or send more than 4 million tons of feedstock to its own processing facilities in 2022.

Compliance with these criteria will mean that the refinery will be able to receive a reverse excise tax on oil in 2024 and 2025 These criteria will make it possible to identify companies that are at the final stage of implementing agreements on the modernization of refineries and are bona fide taxpayers, follows from the explanatory note to the document. Vedomosti

the company must invest at least 60 billion rubles in the modernization of the refinery. and/or send more than 4 million tons of feedstock to its own processing facilities in 2022.

Compliance with these criteria will mean that the refinery will be able to receive a reverse excise tax on oil in 2024 and 2025 These criteria will make it possible to identify companies that are at the final stage of implementing agreements on the modernization of refineries and are bona fide taxpayers, follows from the explanatory note to the document. Vedomosti

and/or send more than 4 million tons of feedstock to its own processing facilities in 2022.

Compliance with these criteria will mean that the refinery will be able to receive a reverse excise tax on oil in 2024 and 2025 These criteria will make it possible to identify companies that are at the final stage of implementing agreements on the modernization of refineries and are bona fide taxpayers, follows from the explanatory note to the document. Vedomosti

and/or send more than 4 million tons of feedstock to its own processing facilities in 2022.

Compliance with these criteria will mean that the refinery will be able to receive a reverse excise tax on oil in 2024 and 2025 These criteria will make it possible to identify companies that are at the final stage of implementing agreements on the modernization of refineries and are bona fide taxpayers, follows from the explanatory note to the document. Vedomosti

Compliance with these criteria will mean that the refinery will be able to receive a reverse excise tax on oil in 2024 and 2025. These criteria will make it possible to identify companies that are at the final stage of implementing agreements on the modernization of refineries and are bona fide taxpayers, follows from the explanatory note to the document. Vedomosti

Compliance with these criteria will mean that the refinery will be able to receive a reverse excise tax on oil in 2024 and 2025. These criteria will make it possible to identify companies that are at the final stage of implementing agreements on the modernization of refineries and are bona fide taxpayers, follows from the explanatory note to the document. Vedomosti