Issue №1, 2020

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Taxation of oil and gas sector organizations and its influence on the northern region budget

 

DOI: 10.34130/2070-4992-2020-1-23-33

Full article 

Chuzhmarova S.I. – Doctor of Economic Sciences, Professor, head. Department of banking, Pitirim Sorokin Syktyvkar State University, Syktyvkar, Russia, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Chuzhmarov A.I. – Ph. D. in Economics, adviser to the rector of the Komi Republican Academy of public service and management, Syktyvkar, Russia, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The theme of the article is related to the need to eliminate the contradictions between the theory of taxation in the system of subsoil use and filling the budget of the northern territory for the development of hydrocarbon deposits in the system of inter-budget relations. The main goal of the article is to provide the results of the study of the oil and gas sector taxation and its impact on the budget of the northern region – the region of oil and gas production. The scientific novelty of the study is the taxation theory development of environmental management in terms of mining taxation, namely hydrocarbon raw materials, and determining its impact on the budget of the northern region; the classification of fiscal payments of the oil and gas sector is proposed – as a tool for withdrawing rental income; contradictions of the current system of fiscal payments of the oil and gas sector have been established; criteria and indicators for assessing the effectiveness of taxation of the oil and gas sector are defined. The theoretical and practical relevance of the study is to fix and systematize the actual functional problems of the oil and gas production taxation; analysis and assessment of the effectiveness of the oil and gas sector taxation; determining its impact on the northern region budget (on the example of the Komi Republic). The theory and methodology of the study is based on theories of taxation, regional economics, and environmental economics. To fulfill the research goal, methods of dynamic and static analysis of the taxation effectiveness of the oil and gas sector were used, which allowed to determine the urgent problems of the tax base formation for oil and gas production, tax revenues of the northern region budget in the system of inter-budget relations. The researchers concluded that it is necessary to improve taxation of the oil and gas sector through the application of the rental approach, as well as eliminate contradictions in intergovernmental relations to increase the role of taxation of oil and gas production in the budgeting of the northern subject of the Russian Federation, which determines the vector of future research.

Keywords: tax, rent, tax base, mineral extraction tax, corporate income tax, value added tax, budget, intergovernmental relations, production, natural resources, hydrocarbons, oil, natural gas.

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For citation: Chuzhmarova S. I., Chuzhmarov A. I. Taxation of oil and gas sector organizations and its influence on the northern region budget // Corporate governance and innovative economic development of the North: Bulletin of the Research Center of Corporate Law, Management and Venture Capital of Syktyvkar State University. 2020. No. 1. Р. 23–33. DOI: 10.34130/2070-4992-2020-1-23-33.