摘要
俄罗斯原油项目税收以矿税和关税为主,通常情况下这两项税收额占项目税收总额的80%~90%。梳理2002年以来俄罗斯这两类税收计算公式的调整情况,结合2004年8月以来乌拉尔油价、卢布汇率以及俄罗斯消费价格指数(CPI)变化,通过统计分析发现:尽管国际油价大幅波动,通过俄罗斯政府对原油项目财税税率计算公式的调整,以卢布计价的俄罗斯原油项目在征收矿税和关税后单桶收益增长与俄罗斯消费价格指数指标增长同步,并没有随国际油价大幅震荡,证明俄罗斯石油项目上游投资具有财税风险较低、投资收益稳定的特征。中国公司在对俄进行石油上游业务投资时,既要认清其石油税收方面的潜力,还要防范汇率波动的风险。
The main tax revenue of crude oil project in Russia are mine tax and tariff,which usually account for 80%~90%of the total.The paper reviews the adjustment of these two tax calculation formulas in Russia since 2002 and summarizes changes in Urals oil prices,the ruble exchange rate and the Russian consumer price index since August 2004 of project tax.It finds the increase of the revenue per barrel after the ruble tax and tariff on Russian crude oil projects increases in step with the growth of the Russian consumer price index,and does not fluctuate greatly with the international oil price through the adjustment of the calculation formula of the tax rate of the Russian government on the crude oil project although the international oil price fluctuates greatly based on statistics analysis.It is proved that investments of crude oil upstream project in Russia are characterized by low fiscal risk and stable investment returns.In conclusion,it is suggested that Chinese corporations should not only recognize the potential of oil tax revenue,but also guard against the risk of exchange rate fluctuations when investing in Russia’s upstream oil business.
作者
干卫星
马攀
GAN Weixing;MA Pan(Sinopec Petroleum Exploration and Production Research Institute)
出处
《国际石油经济》
2020年第1期64-70,共7页
International Petroleum Economics
关键词
俄罗斯
石油投资项目
原油出口关税
矿产资源开采税
税率调整
消费价格指数(CPI)
投资建议
Russia
petroleum investment projects
export tariff of crude oil
mining tax on mineral resources
tax rate adjustment
consumer price index(CPI)
investment advice
