Features of tax planning in the oil and gas sphere

Now in Russia the tax law in an oil and gas complex generally has a fiscal focus. The operating system of the taxation in oil branch has the biggest in the world tax burden, for the last decade the size of the oil and gas income didn''t decrease less than 43–51 % of all income of the budget, remaining its main profitable source. Ratios of receipts in the form of the export customs duty and a tax on mining changed generally. The state policy in the field of resource payments makes impact on all branch, affecting structure of supply of oil and oil products the internal and external markets, implementation of programs of modernization and development in the priority directions. Change of structure of national production, increase in a contribution of agriculture, the sphere of information technologies and other branches in a cumulative national product have to find reflection in revision of tax burden of the branches connected with production and processing of minerals. It is necessary to reduce gradually a fiscal orientation of tax regulation in oil and gas sector with simultaneous increase in a role of the tools stimulating modernization and updating of the equipment, introduction of new processes and technologies, the maximum use of the processes deepening processing, and also development of fields with severe conditions of production. Article is devoted to tax planning of an oil and gas complex as to the instrument of increase of productivity of financial activity of economic entities in modern conditions of the Russian economy.