Russia's Finance Ministry suggests taxation of mining

 Russia's Finance Ministry suggests taxation of mining

Russia's Finance Ministry suggests collecting a tax on mining similarly to taxes on business operations, the Deputy Finance Minister Alexei Moiseev said.

"We categorize mining as a business activity. Sole entrepreneurs or legal entities can deal with it," TASS cited the official as saying.

Moiseev added that the draft law contains no direction guidance on the mining taxation procedure and therefore norms of current taxation laws will apply.

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