MOF will replace the tax on mineral extraction.

The Ministry of Finance of Russia started to prepare several changes in tax legislation, which will form the basis of tax policy for 2010-2012 years. This writes the newspaper Kommersant. In particular, we are talking about replacing the tax on mineral extraction (NDPI) as a new tax on additional income, as well as zayavitelnom the reimbursement of value added tax (VAT) under the bank guarantee.
In the case of the MOF NDPI proposed levy is not oil, mining companies, as is happening now, and accumulated during the development of profit. This gain is the difference between income and expenditure for the entire term of reference works on the site. However, as expected, the rate of tax will increase as growth in mining and to decrease with a reduction of production. The new tax is proposed to enter only for fields of work which was started relatively recently. According to preliminary estimates, it will be operational in 2011.
Among the other tax measures the Ministry of Finance also intends to put in place are not operating now Article Code of deferred tax, installment, and investment tax credit. In addition, the department is preparing an amendment that would allow companies to include in the list of expenses the cost of construction of binding sites, where local authorities insist. In particular, we are talking about schools and kindergartens.
It writes the newspaper "Vedomosti", a bill to zayavitelnom reimbursement of VAT under the bank guarantee may be passed by the Parliament during the spring session and will take effect from July this year. The document states that the tax service should be within 30 days to consider an application from the company if the bank guarantee for the full amount of VAT will be valid. The previous procedure will also be retained: the tax will be reimbursed only after the desktop check companies. In this case, the whole process takes about three months.
In early April, the Federal Tax Service (NRF), Russia announced that tax revenues to the federal budget in the first two months of 2009 decreased by 13.5 percent over the same period a year earlier. This was due to the reduction in revenue from income tax and NDPI.