TASS: the Ministry of Finance discussed with metallurgists the change in the taxation of the industry

A source close to the meeting participants told TASS about this.

According to him, within the framework of the main option, which is being considered by the Ministry of Finance, it is proposed to increase the severance tax rate to 6%.

“The main mechanism that is now being considered is the binding of MET to world prices for raw materials,” the agency's interlocutor said.

In August, Russian President Vladimir Putin announced that the mineral extraction tax (MET) for companies in the metallurgical industry would be increased from 2022.

The Russian leader recalled that the government has introduced increased export duties on the metallurgical industry, and the funds received from this are planned to be sent "to construction, including building materials."