Yakutias ALROSA and Surgutneftegaz tax benefits passed | Far East, Finance, business MarchmontNews.com

Far East | Finance, business | Materials, extraction

Yakutia’s ALROSA and Surgutneftegaz tax benefits passed

18 Jun '09
Yakutia has signed into law tax benefits for two oil companies, Irelyakhneft (diamond firm ALROSA’s subsidiary) and Surgutneftegaz, regional legislators announced today.

A reported 4.5% reduction in profit tax to 13.5% has been enacted.

According to the legislators, the two companies have been providing most tax to the region.