An unexpected one-time tax on the budget from the excess profit of Russian business for 2021-2022 can be up to 10% of the surplus profit, which exceeds the figure of 2018-2019. In this respect Wrote Interfax cites several sources familiar with the draft amendment to the Tax Code of the Russian Federation. In the case of early payment – before the official introduction of the innovations on 1 January 2024 – the fee is assumed to be at the level of 5%.
As stated in the publication, the bill has not yet been published. According to one of the sources, the interested parties have just received the project and the project is still under discussion.
According to the agency’s interlocutors, the official tax rate will be 10%, and the “reduction” on the amount of funds transferred free of charge to the federal budget from October 1 to November 30, 2023 will be recorded as a tax deduction. multiplied by two.
The Ministry of Finance of the Russian Federation expects all potential taxpayers to use the mechanism.
A source told Interfax that exceptions were made in the bill for oil, coal companies and LNG producers.