The Ministry of Finance of the Russian Federation proposed introducing a 30% tax on additional income for some mining and metals companies

The draft budget of the Russian Federation for 2027–2029 provides for additional adjustments to the taxation of natural rent.

A tax of 30% of additional income is proposed to be introduced for individual mining organizations of the mining and metallurgical complex.

The introduction of the tax will strengthen the revenues of all levels of the budget system of the Russian Federation.

MOSCOW, September 24 - RIA Novosti. The draft budget of the Russian Federation for 2027-2029 provides for additional adjustment of the taxation of natural rent, in particular the mining and metallurgical sector and such types of products as precious and non-ferrous metals, fertilizers, reports the press service of the Russian Ministry of Finance.

“The bill provides for additional adjustments to the taxation of natural rent,” the statement says.

It will affect the mining and metallurgical sector and certain types of products of rental industries (precious and non-ferrous metals, fertilizers).

“In the mining and metallurgical sector, it is proposed to introduce a tax for individual mining organizations in the amount of 30% of the additional income received as a result of the increase in world prices in ruble equivalent for solid minerals to the level of the base year 2024 (for gold - 20%),” the Ministry of Finance said.

The ministry explained that for certain types of products of rental industries (precious and non-ferrous metals, fertilizers and a number of others) in 2025 there was a sharp increase in world prices, due to which companies received additional rental income. The introduction of the tax will strengthen the income of all levels of the budget system of the Russian Federation, the Ministry of Finance noted.