A tax imposed on taxpayer for removal of natural resources within a taxing jurisdiction
It is usually calculated as a fixed fee for every unit of mass or volume of natural resources recovered.
As example, the average 2019 Severance Tax in Russia was 24.33 USD per each oil barrel recovered and subject to various discounts depending on complexity of the locations and reserves.
See also
Business / Business Administration / Financial Management / Financial Accounting / Tax
[ Income Tax ] [ Profit and Loss (P&L) ]