20 May 2019 16:49

Oreshkin proposes raising tax for holders of unused licenses to deposits

KYZYL. May 20 (Interfax) - Companies should face a higher tax if they do not start developing a field within a certain period of receiving a license, Economic Development Minister Maxim Oreshkin said.

"Economic motivation should be created so that companies that have licenses either surrender them or develop them," Oreshkin said in response to a relevant question at a meeting on the development of Tuva.

"This concerns all regions. It's just that Tuva is the example where this manifests itself the most strongly," he said.

"We see that a number of companies are actively doing something, while others sit on these licenses for years, like dogs in the manger," Oreshkin said.

"So here, as for licenses, we need to see -can there be some tax mechanism? And actually, there can be, with deposits into regional budgets: a certain period of non-use of a license, a lack of a certain volume of investment, could require a higher tax from the holder of a license," he said.