The government will consider a draft of the procedure for the establishment and indexation of excise rates

© RIA Novosti / Dmitry to Attachability in photobacteria of the Cabinet of Ministers of the Russian Federation in the Russian government. Archival photoThe government will consider a draft of the procedure for the establishment and indexation of excise rates© RIA Novosti / Dmitry attachability to the photobank

The government of the Russian Federation at session on Thursday will consider a draft law on the establishment and indexation of rates of excise duties, reported the press service of the Cabinet of Ministers.

The document, in particular, it provides for indexation of rates of excise duty on excisable goods in 2020 at the rate of inflation.

It is also proposed to amend the procedure for determining the indicators used when calculating the mineral extraction tax for natural gas fuel organizations which are owners of facilities of the Unified gas supply system in the IV quarter of 2017 and in 2020, to extend the increased rate of mineral extraction tax for oil that is installed in 2019 until 31 December 2020.

In order to ensure a balanced budget system is proposed to extend the increased rate of mineral extraction tax oil (plus 428 rubles per ton), installed in 2019 until 31 December 2020.

In the opinion of the Cabinet, the bill will direct to the budgets of all levels of additional funding.

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