New Ways to Calculate a Severance Tax at Oil Production

Abstract

© 2019, Springer Nature Switzerland AG. The main idea of the article is a severance tax calculation at oil production. The study proposes to change the mechanism of severance tax calculation by introducing a coefficient characterizing the actual volume of oil production. The article emphasizes changes of the coefficients in calculation of a severance tax at oil production in the Tax Code of the Russian Federation. The authors offer to replace a number of coefficients characterizing the actual volume of oil production in severance tax calculation. The recommended decreasing coefficients will allow being closer to the value of rental payments. The practical significance of research is that the methodological provisions and procedures proposed in the study will contribute to increasing the regulatory impact on oil production taxation.