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The Federal Tax Service has issued a reminder for the submission of a declaration and the payment of a one-time excess profits tax, due by January 25, 2024.

the payment of a one-time excess profits tax
Both Russian and foreign organizations, whose average profit for the years 2021-2022 surpasses 1 billion rubles, are identified as payers of this tax.

However, certain types of organizations are exempt from this tax, with a comprehensive list provided for reference.

The methods for determining the tax base, the tax rate, the conditions for applying a tax deduction, and the procedure for completing a declaration of excess profits tax have been detailed.

Document: Information of the Federal Tax Service dated January 23, 2024 titled “The Federal Tax Service of Russia has clarified the procedure for paying excess profit tax”.