MOSCOW, June 28 The State Duma adopted in the first reading a bill on the tax on excess profits of large companies, introduced by the government of the Russian Federation.
In order to increase the revenues of the federal The budget document provides for a one-time payment of such a tax by large companies whose average pre-tax profit for 2021-2022 exceeded 1 billion rubles.
Companies established after 2020, small and medium-sized enterprises, payers of the unified agricultural tax will not pay this tax. Companies in the oil and gas sector and coal mining are also exempted from paying excess profit tax, since they already have additional tax exemptions for the mineral extraction tax and a damper for motor fuel this year, the Ministry of Finance explained earlier.
The excess profit tax rate will be 10% of the excess of profit for 2021-2022 over the same indicator for 2018-2019. The tax is paid no later than January 28, 2024, and its amount is calculated by taxpayers independently. At the same time, the tax amount can be halved to an effective rate of 5% if the security deposit is transferred in the period from October 1 to November 30, 2023. The draft law proposes to implement such a solution through a tax deduction.
The authorities plan to attract 300 billion rubles to the federal budget through the excess profit tax. It is assumed that the proceeds from this tax will be used to support and develop the social sphere.