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Rosneft publishes the Key Tax Principles
30 September 2019The Key Tax Principles have been published in order to comprehensively inform stakeholders about Rosneft business practices. The document states the main principles and objectives in the tax area aimed at achieving Rosneft’s strategic goals.
Disclosure of the Key Tax Principles by Rosneft, the first of the largest Russian oil and gas companies, proved the Company’s status of the industry leader and a responsible taxpayer acting on the basis of tax transparency and setting a new standard for responsible tax behavior.
The Key Tax Principles reflect Rosneft tax function experience, as well as the tax policy development trends in the context of modern fiscal environment. The Key Tax Principles imply complete and timely fulfillment of the tax legislation requirements, calculation and payment of all applicable taxes and duties.
Notes for editors:
Rosneft is the largest taxpayer in the Russian Federation. In 2018, the Company provided 4 trillion rubles of taxes, duties and social insurance contributions to the Russian budget system.
Rosneft payments accounted for 18% of Russian federal budget revenues in 2018.
Rosneft
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September 30, 2019
Keywords: Corporate Governance 2019