Article 343. Procedure for Calculating and Paying the Tax

1. The amount of the tax on recovered minerals shall be calculated as an appropriate percentage share of a tax base corresponding to the tax rate.

2. The sum total of the tax shall be calculated in respect of the results of each tax period for each type of recovered mineral resources. The tax shall be payable at the location of each track of sub-soil a taxpayer is allowed to use in compliance with the laws of the Russian Federation. With this, the amount of payable tax shall be calculated proceeding from the share a mineral recovered at each tract of sub-soil in the total quantity of recovered mineral of an appropriate type.

3. The amount of the tax calculated with regard to the minerals recovered beyond the territory of the Russian Federation shall be payable at the location of an organization or the place of residence of an individual businessmen.

Article 344. Terms for Payment of the Tax

The amount of the tax payable according to the results of a tax period shall be paid at latest on the 25 the day of the month next following the expired tax period.

Article 345. Tax Return

1. The taxpayer's duty to file a tax return occurs beginning from the tax period in which the actual recovery of mineral resources commenced.

A tax declaration shall be submitted by a taxpayer to the tax agencies at the location (place of residence) of the taxpayer.

2. The tax return shall be filed not later than the last day of the month following the past tax period.

Article 346. The Peculiarities of Calculation and Payment of the Tax in the Case of Performance under Production Sharing Contracts

1. The investors under a production sharing contract shall determine the amount of the mineral resource recovery tax and the tax amount payable in keeping with the present chapter and with due regard to the peculiarities established in the present article.

2. The taxpayers of the tax shall be investors under production sharing contracts.

If the performance of works under a production sharing contract, in particular, recovery of mineral resources is carried out by an operator under the contract the operator acting as an authorised representative of the taxpayer shall calculate and pay the tax.

3. Tax base shall be deemed the value of recovered mineral resources determined in compliance with Article 340 of the present Code with due regard to the peculiarities established by the production sharing contract for valuating recovered mineral resources.

4. Tax base shall be determined separately for each type of mineral resource and separately for each production sharing contract and activities not relating to performance under a production sharing contract.

5. When performance is being done under a production sharing contract concluded under Russian law the tax rates established by Article 342 of the present Code shall be applicable with the coefficient of 0.5.

The tax rates set by a production sharing contract in compliance with Article 342 of the present Code shall not be changed throughout the whole effective term of the said contract.

6. When performance is being done under a production sharing contract concluded prior to the entry into force of the Federal Law on Production Sharing Contracts the terms and conditions set out in the production sharing contract shall apply.

7. When performance is being done under contracts concluded after the entry into force of the Federal law on Production Sharing Contracts and prior to the entry into force of the present article the terms set out in the production sharing contracts for the calculation and payment of the tax shall apply with due regard to the norms of the Russian legislation on taxes and fees effective as of the date when the contract is signed.