FEDERAL LAW OF THE RUSSIAN FEDERATION

of October 15, 2020 No. 340-FZ

About introduction of amendments to article 343.2 of part two of the Tax Code of the Russian Federation

Accepted by the State Duma on September 30, 2020

Approved by the Federation Council on October 7, 2020

Article 1

Bring in Article 343.2 of part two of the Tax Code of the Russian Federation (The Russian Federation Code, 2000, No. 32, Art. 3340; 2001, No. 33, Art. 3429; 2011, No. 49, Art. 7016; 2013, No. 30, Art. 4046; 2014, No. 48, Art. 6647; 2016, No. 15, Art. 2064; 2017, No. 49, Art. 7307; 2018, No. 1, Art. 20; No. 32, Art. 5094) following changes:

Item 3 to declare 1) invalid;

To add 2) with Item 3.3 of the following content:

"3.3. The taxpayer has the right to reduce the total amount of tax estimated in case of the oil extraction dehydrated, desalinated and stabilized on the subsoil plots answering to the conditions established by this Item, on tax deduction amount, determined according to the procedure, established by this Item (further in this Item - the tax deduction).

The tax deduction is applied in case of the oil extraction dehydrated, desalinated and stabilized on subsoil plots which are at the same time located in borders of the Surgut and Khanty-Mansi areas of Khanty-Mansi Autonomous Okrug licenses to use by which are granted till January 1, 2018 and initial recoverable oil reserves of each of which constitute 1 000 million tons and more as of January 1, 2018.

The tax deduction amount is determined in total by all such subsoil plots in the following procedure:

3 830 million rubles - if the price level of oil of grade of "Yurals", average for the tax period, expressed in US dollars for the barrel (Ts) determined for tax period according to the procedure, stipulated in Item 3 Articles 342 of this Code appeared above the basic price for oil determined according to the procedure, stipulated in Item 4 Articles 96.6 of the Budget code of the Russian Federation for year of tax period;

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