Starting from January 1, 2024, a new law will implement a singular tax on prominent corporations, provided that their average annual profit for the years 2021-2022 exceeded the threshold of 1 billion rubles. The tax rate will be 10% of the profit excess compared to the same indicator for 2018-2019. Taxpayers are required to independently calculate and settle the tax amount by January 28, 2024, without any delay. At the same time, the amount of tax can be halved – to an effective rate of 5%, if the security deposit is transferred from October 1 to November 30, 2023.
Taxpayers in Russia consist of not only Russian companies, but also foreign ones that have a presence in the country through a representative office. In addition, foreign organizations that are acknowledged as tax residents in Russia are granted the same privileges as Russian entities.
