New tax may hamper some Russian seafood exports

As of 1 January, 2023, new rates for Russia's water biological resources (WBR) tax will come into force.

Tax rates for some species, especially commercial species, will significantly increase – with harvesters of corbicula and surf clams saying they will see tax increases of as much as 990 percent and 1,620 percent, respectively.

By upping the tax, the government hopes to raise more money for regional budgets and stimulate the output of value-added products through the provision of deductions ... 

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