MODERN TERMS AND CONDITIONS OF OIL PRODUCTION TAXATION IN RUSSIA AND FOREIGN COUNTRIES

This paper analyzes the taxation system in the field of oil production in Russia and foreign countries. The general trends and differences in tax legislation are highlighted. In the course of studying this issue, the main factors that determine the methods of taxation, the interaction of the state and oil companies are examined: tax rates, oil production, financial results of companies, tax benefits, restrictions. Based on the analysis, attention is drawn to the need for a detailed and systematic change in Russian tax legislation in the oil sector as a budget-forming sector of the country.