Deputies of the State Duma in the first reading adopted a bill establishing a tax on excess profits for large companies. The document proposes to establish a tax on excess profits for organizations whose arithmetic average profit for 2021 and 2022 exceeded 1 billion rubles.
Thus, the tax base for this tax is calculated as an increase in the arithmetic average of profit for 2021 and profit for 2022 over the arithmetic average of profit for 2018 and profit for 2019, and the tax rate is set at 10%.
At the same time, in the event that a certain amount of money (security deposit) is actually transferred to the federal budget in 2023, the amount of tax can essentially be equal to the amount calculated at the rate of 5%, and these transferred funds will be credited against the payment of excess profit tax, indicate in the government.
The draft states that the tax is paid no later than January 28, 2024, it will be credited exclusively to the federal budget and will be of a one-time nature.
According to the bill, some organizations are excluded from the list of taxpayers of the excess profit tax. We are talking about small and medium-sized businesses, organizations paying the unified agricultural tax, Russian organizations established after January 1, 2021 (with the exception of those created as a result of reorganization), foreign organizations that began operating in the Russian Federation through permanent representative offices after January 1, 2021.
Companies in the oil and gas sector and coal mining are also excluded from the payers of this tax.
Source: Rosbalt
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