Ministry of Finance prepares tax benefits for Power of Siberia pipeline

The Russian Ministry of Finance has prepared a bill on tax incentives for the project on supply of gas to China through the Power of Siberia pipeline, the Interfax reports, referring to a source in the Department.

Proposed measures include zeroing MET in the first 15 years of development, the Ministry also offer to equalize the tax rate in the period from 2016 to 2024. In addition, the tax rate for real estate of main gas pipelines, gas extraction facilities, helium production and storage facilities, which are constructing within the Power of Siberia project will be zeroed out till 2035.

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