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Decisions on the results of the meeting of Mikhail Mishustin with members of the bureau of the Russian Union of Industrialists and Entrepreneurs.

On September 23, 2021, Prime Minister Mikhail Mishustin held a meeting with members of the Board of the Russian Union of Industrialists and Entrepreneurs… Following the meeting, decisions were made and the following instructions were given:

1. To take into account the report of the Minister of Finance of the Russian Federation A.G. Siluanov and the President of the All-Russian public organization “Russian Union of Industrialists and Entrepreneurs” A.N.Shokhin on this issue.

2. To support the rates of the tax on extraction of minerals agreed by the Ministry of Finance of Russia and representatives of the business community in relation to apatite-nepheline, apatite, phosphorite, potassium, apatite-magnetite, apatite-staffelite and low-iron apatite ores, multicomponent complex ores of the Krasnoyarsk Territory (containing or) nickel, and (or) metals of the platinum group, as well as coking coal (in accordance with the appendix to this protocol).

3. Support the proposal to establish an ad valorem component of the mineral extraction tax on iron ore at 4.8% and the excise tax on liquid steel at 2.7%, agreed by the Russian Ministry of Finance and representatives of the business community.

4. Agree with the proposal of the meeting participants to exclude the provisions of the draft law providing for an increase in the tax rate on the profits of organizations in the event that profits are used for the payment of dividends.

5. The Ministry of Finance of Russia (A.G. Siluanov) finalize the draft federal law “On Amendments to Part Two of the Tax Code of the Russian Federation”, taking into account the discussion and the decisions taken, and submit it to the Government of the Russian Federation.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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