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”.
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”.