Issue ? 50. June 2015

Balance of Interests of the State and Business in the Oil Industry Taxation Systems

Ph.D., senior lecturer, School of Public Administration, Lomonosov Moscow State University, Moscow, Russian Federation.
E-mail: lvova@spa.msu.ru

The article contains an analysis of contemporary models of oil industry taxation in Russia and other oil-producing countries: advantages and limitations (from the State’s and business’ points of view) of the widespread tax tools (royalties, bonuses, rentals, profit taxes) are considered; effective tax incentives and benefits, used for stimulation of oil companies’ investment activity, are analysed.

Keywords

Concession tax regime, royalties, bonuses, rentals, export duties, corporate income tax, capital allowances, special profit-based taxes, percentage of oil revenues in the budget fiscal revenues of oil-producing countries.