Solutions

MET Lab

Our services and products

Deloitte offers a full spectrum of services to companies of the Energy and Resources sector, including integrated consulting support on mineral extraction tax (“MET”) issues.

What we can do for you

  • review tax compliance in terms of correct identification of extracted minerals, MET calculation and payment
  • prepare your MET calculations
  • analyse MET benefits potential
  • analyse location-specific tax issues (for the Arctic and the continental shelf)
  • develop economic models, assess accuracy of assumptions and MET calculations used in financial models
  • prepare amendment proposals for the Russian Tax Code; request clarifications regarding tax treatment of hydrocarbons and solid minerals from the fiscal authorities
  • facilitate communications with the tax authorities
  • develop defence strategies for MET-related tax audits and litigations
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Hydrocarbons

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  • Calculation methodology

    • MET calculation rules for hydrocarbons:
      • analyse your MET approach for compliance with applicable legislation
      • develop detailed calculation guidelines/methodology for MET and additional income tax (AIT) for tax specialists
    • review the use of tax-reducing coefficients:
      • study the national register of mineral reserves and determine the level of depletion for deposits in question
      • identify the eligibility beginning date
  • Reporting

    • prepare ready-to-file MET and AIT reporting packages
    • review your MET and AIT calculations and returns
  • Liaising with regulators and authorities

    • perform pre-audit analysis and develop a strategy for passing it
    • support during tax audits
    • assist with out-of-court settlements of tax disputes
    • prepare to pre-trial proceedings
    • prepare inquiries with the tax authorities
  • Investments

    • estimate your MET and AIT burden
    • compare the tax benefit regime and your current MET regime
    • assess the risks of waiving the tax benefit regime
    • prepare and review financial models factoring in MET and AIT burden
  • Tax benefits

    • comment/update you on the following
    • eligibility for tax-reducing coefficients
    • MET deduction rules
    • MET on hydrocarbons extracted at new offshore deposits
    • eligibility for region-specific tax benefits (for Arctic, new offshore deposits, etc.)
  • Legislation

    • develop draft amendments to tax legislation supported by economic justification (calculations)

Solid minerals

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  • Methodology

    • develop/validate your approach to identifying taxable types of solid minerals for MET purposes based on applicable standards and technical documentation
    • develop/validate your approach to determining the tax base
    • assess your eligibility for tax-reducing coefficients
    • develop and support implementation of corporate mineral extraction policies/standards/technical blueprints to mitigate MET implications
  • Reporting

    • prepare ready-to-file MET reporting packages
    • review your MET calculations and returns
  • Tax benefits

    • analyse your eligibility for region-specific and other applicable tax benefits
  • Legislation

    • develop draft amendments to tax legislation supported by economic justification (calculations)
  • Liaising with regulators and authorities

    • perform pre-audit analysis and develop a strategy for passing it
    • support during tax audits
    • assist with out-of-court settlements of tax disputes
    • prepare to pre-trial proceedings
    • prepare inquiries with the tax authorities

Why us?

Our strengths and advantages

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In-depth industry knowledge
In-depth industry knowledge
Collaboration with leading technical experts
Collaboration with leading technical experts
Cross-functional competencies and global experience (over 150 countries)
Cross-functional competencies and global experience (over 150 countries)
Flexible engagement terms and formats
Flexible engagement terms and formats
Risk prevention
Risk prevention
Streamlined business processes
Streamlined business processes
Creating opportunities amid uncertainty
Creating opportunities amid uncertainty
Access to best practices of industry leaders
Access to best practices of industry leaders

Key contacts

Gennady Kamyshnikov

Gennady Kamyshnikov

Partner, Energy, Resources & Industrials

Gennady has over 30 years of experience in Russia’s tax and legal sectors; he co-authored some of the key elements of the country’s tax legislation in 1992. Gennady holds a Master’s degree in Economic... More

Andrey Panin

Andrey Panin

Partner, Tax & Legal

Andrey joined Deloitte CIS in 2005. His main responsibility is business tax in energy and resources.... More