The amendments to the Law on Tax on Petroleum and Natural Gas Resources were supported by 78 MPs, 9 MPs voted against with 10 abstentions.
Under the amended law, conventional petroleum and gas resources will be subject to the base rate of 12% of the selling price per cubic meter at the place of extraction, and shale gas will be subject to a 15% tax.
Oil companies, which will win tenders to explore and extract shale gas resources, will be subject to a tax exemption: for three years they will be exempt from a tax on the use of these resources.
This tax incentive will be available until 1 January, 2020.
