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In addition, as a part of sweeping tax reforms, a new oil extraction tax (commonly called NDPI) replaced three major oil taxes, including oil excise, royalty and mineral replacement tax in 2002, which had largely been unaffected by world oil prices due to their specific ruble rate (oil excise) and poorly defined ad valorem rates (royalty and mineral replacement tax).
The tax rate of the mineral extraction tax (NDPI) can be approximated as 340/252*(Urals/bbl-$8) per ton.
Now that we've considered the supply side of the market, let's take a look at supply side issues as envisioned by a mill company whose success is founded on recovered paper supply from both supply markets: the Nine Dragons Paper Industries (NDPI) mill in Dongguan, China.
For Nine Dragons Paper Industries (NDPI), with roots tracing back to a small trading company in the early '90s, the future is a reality today.
In addition, the use of effective tax rate for corporate tax (9.1%) as well as reduced rate for NDPI in fields with high depletion allowed to reduce expenses and caused the growth of key operating indicators.
The positive on grown gas production is neutralized by expectations of fourfold NDPI increase by 2015.
- Oil production continues to fall; the growth in gas production is darkened by the expected fourfold growth of NDPI for gas.
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- Ndps Manager