The Ministry of Finance of the Russian Federation has finalized a framework for collecting a one-time payment from large Russian enterprises. Reports from credible outlets indicate that the development and approval process hinges on a formal note from Deputy Finance Minister Alexei Sazanov, which outlines the proposed mechanism and its intended fiscal impact. This milestone signals a shift in how the state plans to replenish the budget from sizable corporate stakeholders, aiming to secure a substantial one-off influx in government revenue during a defined period.
According to the circulated documents, the ministry routed the proposal to several key government bodies for consideration. The draft is being reviewed by the Ministry of Economic Development, the Ministry of Industry and Trade, the Ministry of Agriculture, the Ministry of Health, the Ministry of Energy, the Federal Tax Service, and the Court of Accounts. The involvement of these agencies reflects a broad coordination effort to ensure that any new levy aligns with macroeconomic goals, administrative feasibility, and the broader tax system that governs corporate contributions to the state budget.
Analysts and observers note that implementing a one-time charge would require formalizing the instrument within a legal framework. The plan reportedly envisions an “emergency tax” that would be described in a legislative act titled “On the tax on excess earnings of past years,” alongside amendments to Chapter 1 and Article 270, Part 2 of the Tax Code. Such changes would establish the legal basis for the new contribution, define its scope, determine the taxable base, and set the conditions under which the payment would be assessed and collected by the relevant authorities.
As reported, large corporations could face a deadline to remit the payment by January 28, 2024, under the initial timetable. However, early settlements could yield preferential terms or discounts, creating an incentive for companies to settle ahead of schedule. The accelerated payment option would be designed to accelerate cash inflows while reducing administrative frictions for the Treasury and tax authorities. Stakeholders have been advised that preliminary estimates of the tax base and the total expected yield are subject to revision as more data becomes available and further consultation with industry representatives proceeds.
On April 29, a draft law was circulated that outlines the one-time contribution target of 300 billion rubles from corporate spenders. This figure, presented as a headline objective, represents a signal of the government’s intent to mobilize a sizeable resource without relying on ongoing changes to the regular tax rate. The proposed measure would complement existing fiscal instruments, offering a temporary instrument to address budgetary needs while avoiding longer-term structural adjustments to the tax code. If enacted, the plan would require careful calibration to ensure proportional impact across different sectors, compliance ease, and minimal disruption to business confidence during the transition period.