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Ukraine Changes in Mineral Extraction Royalty Rates for 2019

|Approved Changes|Ukraine
Ukraine

A release from the Ukraine State Fiscal Service has been published concerning changes in the mineral extraction royalty rates for 2019. This includes an increase in the rates for oil extraction from 29% to 31% for deposits at a depth up to 5,000 meters, and an increase from 14% to 16% for deposits at depths exceeding 5,000 meters. For oil condensate production, the rates are reduced in line with the oil extraction rates; 31% for deposits at a depth up to 5,000 meters and 16% for deposits at …

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