Coefficient KJR
The KJR coefficient is determined as the product of 0.18 US dollars and the average value during the tax period of the exchange rate of the US dollar to the ruble of the Russian Federation, established by the Central Bank of the Russian Federation (P), during the periods provided for in this paragraph, in the case where mining activities for iron ores on mineral deposits, the degree of depletion of reserves of which as of January 1, 2021, is less than 1 percent, are part of a new investment project, with respect to which the taxpayer has concluded and is operating an agreement on the protection and encouragement of capital investments or has fulfilled such an agreement1.
Tax Code of the Russian Federation, as amended on January 1, 2022, Article 342.9, paragraph 3 // Official Gazette of the Russian Federation. 2000. No. 32. Article 3340. ↩