Amendments have been made to the Russian law on mining

The updated mining law submitted for consideration by the Duma has several differences from the original version.

Submitted less than a month ago (April 29, 2022) for consideration by officials, the mining bill has undergone many changes. Legislators proposed to remove the tax amnesty for mining enterprises, and also deleted the idea of ​​​​creating a special register of miners from the bill. This will save money from the federal budget.

The new version of the bill states that in order to conduct mining activities, it is enough for an individual to register as an individual entrepreneur or self-employed. And companies must go through a standard registration procedure.

The previously promised 1 year tax amnesty will not be introduced. Tax incentives will only apply to the customs clearance of mining equipment, as well as profits that were received in 2022 before the law was passed.

Recall that the new Russian tax legislation regarding mining should be adopted before the end of the summer session of parliament.

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