Coal news and updates

Russia imposes tourist tax, ends coal export duties

Russia has implemented a new tourist tax aimed at boosting regional tourism infrastructure while also lifting export duties on various types of coal to support the industry started from Wednesday.

The tourist tax replaces the previous resort fee and applies a 1% charge on lodging costs for travelers staying in hotels or similar accommodations, according to RIA Novosti. This initiative, part of amendments to the Russian Tax Code introduced in July 2024, allows regional authorities to impose the tax locally. Regions with thriving or developing tourism sectors have already embraced the policy.

The tax will gradually increase to 3% by 2027, with a minimum daily charge of 100 rubles (approximately $0.90) to ensure consistent contributions. Though technically paid by lodging providers, the tax will be added to accommodation prices, shifting the cost to tourists.

In a separate move, Russia officially ended export duties on anthracite, coking coal, and thermal coal as of January 1. These duties, introduced in October 2023, were initially set to expire by the end of 2024. Temporary suspensions were implemented throughout 2024, with duties on coking coal lifted early in November. The decision to permanently remove these duties aims to bolster the coal industry amid changing market conditions.

Both measures reflect Russia's efforts to strengthen its domestic industries and improve economic stability through targeted reforms.