Currently the Russian budget has received about 40 billion rubles from the excess profit tax. This was announced by Minister of Finance Anton Siluanov. Interfax.
Initially, it was planned that the budget would receive 300 billion rubles from this tax. However, as Siluanov stated, the main payments will be made in November-December. According to him, the Ministry of Finance expects the collection plan to be fully implemented eventually.
The tax on large companies with profits over 1 billion rubles will be implemented from January 1, 2024. The rate will be 10% of the profit difference between 2021-2022 and 2018-2019. Companies will be able to halve the tax by paying 5 percent in advance between October 1 and November 30, 2023. The tax must be paid by January 28, 2024 at the latest, and the amount is calculated by the taxpayers themselves.
Before that socialbites.ca saidWhat you need to know about the 2024-2026 Russian budget.
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