The Ministry of Justice said that it has no comments on the bill on excess profits tax

The Ministry of Justice has no comments on the current version of the bill on superprofits of past years, RIA Novosti was told in the press service of the department. They claim that all comments were resolved prior to review of the document,

“All the comments made by the Ministry of Justice of Russia were resolved jointly with the interested authorities even before the consideration of the bill by the government commission on legislative activities. The Ministry of Justice of Russia has no comments on the current version of the bill,” said a spokesman for the Ministry of Justice.

Yesterday, May 5, the government commission approved a bill on a one-time fee from the excess profits of companies. The new one-time fee will affect enterprises with revenues of more than 1 billion rubles. in year. provided that the profit in 2021-2022 was in total higher than the profit in 2018-2019. Its rate will be 10% of the difference in profits when paid in 2024, but can be reduced to 5% if the company pays the tax in 2023. The oil and gas, coal industries, small and medium-sized businesses will be exempted from windfall tax. Vedomosti wrotethat the Ministry of Justice considered the excess profit tax of past years to be contrary to the Constitution.

About the draft law – in the material “Kommersant FM” “Windfall tax outlined the criteria”.

Laura Keffer