BUDAPEST, March 30 (Reuters) - The Hungarian government
has imposed a new revenue-based tax on oil and gas group MOL , while reducing the company's current windfall tax on
profits it earns on cheaper crude oil imported from Russia.
MOL will have to pay a new 2.8% tax on its 2022 net
revenues, according to a government decree posted on Thursday.
At the same time, the tax base of the Brent-Ural spread, on
which MOL pays a 95% tax now, has to be reduced by $7.5 per
barrel, the decree said.
(Reporting by Krisztina Than)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.