Mineral Extraction Tax Payment Procedure

Clarified Definition
Defined in Art. 344 of the Tax Code, but the taxpayer has the opportunity to legally change them. In addition to the timely transfer of payment to the budget, the company must also report on time the payment of mineral extraction tax on the declaration. At what time (no later than what date) is the mineral extraction tax paid?

The deadline for the payment of mineral extraction tax in 2016 is no later than the 25th day of the month following the tax period (Article 344 of the Tax Code of the Russian Federation). If the 25th day falls on a weekend, the payment transfer period is extended until the next business day (clause 7, article 6.1 of the Tax Code of the Russian Federation).

Thus, MET in 2016 is paid on the following dates:

for January – until February 25, for February – until March 25 for March – until April 25 for April – until May 25 for May – until June 27 for June – until July 25 for July – until August 25 for August – until September 26 – for September – until October 25 – for October – until November 25 – for November – until December 26 – Postponement of MET

In cases provided for by law, the deadlines for the payment of MET can be increased. Immediately, we note that this is possible thanks to the rules of law that establish benefits not only for mineral extraction tax, but also for any other taxes.

So, the payment of any tax can be deferred for 1 year, and the federal tax, to which the mineral extraction tax relates, for 3 years (Clause 1, Article 64 of the Tax Code of the Russian Federation). At the same time, settlements with the Federal Tax Service can be carried out both at a time, in the form of a deferment, and in stages, in the form of installments.

The FTS gives a deferment on the grounds that are defined in paragraph 2 of Art. 64 of the Tax Code of the Russian Federation, namely in the event that the taxpayer has financial difficulties in which there are certain guarantees that he will nevertheless pay the budget as part of a deferment or installment plan, and if one of the following conditions exists:

The business entity was damaged under force majeure circumstances. The payer is the recipient of budgetary allocations and other preferences that were not provided to him and without which he cannot pay tax. The payer may become bankrupt due to a lump-sum payment of mineral extraction tax. The payer has a seasonal production.

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