Legal Regulation of the Oil Production Taxation in the Russian Federation

The work is devoted to the study of the peculiarities of the legal regulation of the oil production taxation in the Russian Federation. In order to achieve the goals, an analysis was made of the existing normative legal regulation of oil production taxation; the process of formation and development of a system of taxes and fees levied on oil producing enterprises was studied; comparison of existing taxes applied in the oil industry has been made; the history of the development of the system of taxation of oil production from 1991 to 2019 was studied. Based on the study, six stages of reforms in the sphere of oil production taxation were identified. The most significant of which are the introduction of a mineral extraction tax, the creation of a regime for the application of production-sharing agreements, the holding of "tax maneuvers", and the introduction of an excess profit tax from the extraction of hydrocarbons. In addition, the author identifies the prerequisites for each stage and their distinctive features. Analysis of the identified stages of reforming the taxation system of oil producing enterprises showed that the main tax levied on oil extraction is the mineral extraction tax, this payment has undergone significant changes that improved the process of its collection, ensuring that the interests of both the taxpayer and the state are observed. A significant role of export customs duties in the taxation system of oil extraction was also noted, which also underwent significant changes in the process of reforming the oil production taxation. The most welcome innovation in the system of taxation of oil production was the introduction of EPT. In view of that this tax has just started to act, it is not yet possible to evaluate the results of its use, however, the study of the legal construction and features of this payment suggests that as a result of its use, it will be possible to achieve the goals for which this tax was introduced.