Financial University Under the Government of the Russian Federation (Moscow, Russia):

Bloshenko T. A., Senior Researcher, Candidate of Economic Sciences, e-mail: boxta@mail.ru

The Code of Joint Ore Reserves Committee (the JORC Code) is widely adopted by mining industry for the compiling of mineral resources and reserves reporting.
This article presents the definitions of reserves of mineral resources, according to the JORC Code. The results of information transfer from one system to another will depend on the nature of deposit and complexness of its geological construction. Correspondingly, these results will make an influence on the formation of mineral extraction tax base.
The basis for placing the reserves (A, B, C1, C2 categories) on the State Balance Sheet in Russian Federation are the opinion letters of the state expert appraisal bodies, according to which, the licenses are granted to the users of subsurface resources.
For the purpose of taxation, the chapter 26 of the Tax Code of Russian Federation accepted the term «multicomponent complex ores». However, this term is interpreted in different ways, which complicates the definition of the taxation objects.
The composition of mineral resources has a direct influence on the formation of mineral extraction tax base. Taking into account this fact, in practice, the following types of minerals can often not be mentioned in license. Thereby, they don't form the tax base.
The author of this article proposed to state the whole list of minerals, which corresponds to the mineral composition of raw materials, in the production license.
It is proposed to exclude the «multicomponent complex ores» term from the chapter 26 of the Tax Code of Russian Federation, for the purpose of non-admission of interpretation of this term in different ways.

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