trade2much-That export tax ONLY applies to oil. It is the Russian governments mechanism to assure an adequate supply of oil for domestic usage.
Simply put, they don't want the West to pump their oil wells dry and leave nothing for Russia to power drive its own economy. It's a pretty understandable notion and wise tax for them to implement (imho)
Trade2much, the taxation in the mining sector is very low compared to oil. Basically a 6% royalty and 24% income tax on net income.
"Taxation The Russian gold sector is subject to relatively favourable taxation, at least if comparing to the Russian oil sector. In 2001 an export duty amounting to 5 percent was abolished. Today there remains a royalty of 6% on the gross sales value of the sold gold (the tax kicks in when the gold is actually sold – not before). In addition Russian gold producers pay a corporate profit tax of 24 percent of taxable profits and social charges on paid out salaries amounting to 38.5%. Further, there exist a few minor taxes that are also applied in other industries. These are the vehicle tax (calculated based on the engine capacity of the owned vehicle fleet and amounts to a maximum of 2% of the companies' revenues), a security tax amounting to a maximum of 2% of the companies' revenues (calculated based on the total salary costs in the companies given the total number of employees and the Russian minimum wage), a tax on waste amounting to a maximum of 2% of the companies' revenues (depends on the level of emissions), and a property tax (calculated as 2% of the net book value of the fixed assets). "
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