Gazprom Neft follows a balanced tax policy in line with principles of legality and good faith. Regulators’ demands are complied with in full and in due time.
The company’s single tax methodology and internal tax control system help to establish a uniform approach to tax matters.
Tax management and control system
Strategic decisions on tax issues are made by the head of the Tax Department, Deputy CEO for Economics and Finance or the CEO depending on level of importance. The Gazprom Neft Tax Department is the internal management body charged with ensuring compliance with the tax strategy. The tax accounting function is separated into a dedicated Shared Services Centre (SSC).
Relations with tax authorities
The company’s relations with tax authorities follow principles of transparency and cooperation. In line with this approach, Gazprom Neft is steadily transitioning to tax monitoring — a new form of tax control that provides tax authorities with direct access to the company’s accounting and reporting documents without starting a tax audit.