"Interfax": A tax on excess profits for 2025 may be introduced in Russia at a rate of 20%

"Interfax": A tax on excess profits for 2025 may be introduced in Russia at a rate of 20%

      The Russian government has begun working on the idea of introducing a windfall tax based on the results of 2025. According to Interfax, citing a source familiar with the discussions, the proposed rate is 20%. A corresponding directive from President Vladimir Putin instructs relevant agencies to prepare proposals by April 10. According to the agency's interlocutor, the tax would be levied on the amount by which a company's profit in 2025 exceeds the average profit from 2018-2019. This period was used as the calculation base for the windfall tax on profits for 2021-2022. In 2023, the tax was collected at a formal rate of 10% on the excess profit for 2021-2022 over the figures from 2018-2019. At that time, most companies took advantage of the security payment mechanism, reducing the effective rate to 5%. As a result, the budget received about 319 billion rubles. The Ministry of Finance has not yet commented on either the tax itself or the possibility of a similar discount. Moreover, the previous windfall tax did not apply to the oil and gas and coal sectors — the main payers were metallurgy, mining, and trade. Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs (RSPP), previously stated that serious discussions about the tax are not currently taking place. According to him, there are no grounds for levying excess profits from most companies under current conditions — many are "in losses." "Targeted solutions may be possible, but a windfall tax as a mass practice is currently impossible," he emphasized.

      The windfall tax is a one-time levy that was introduced in 2023. Companies whose average pre-tax profit for 2021 and 2022 exceeded 1 billion rubles paid the tax. Anton Siluanov, head of the Ministry of Finance, stated at the end of 2023 that the budget received about 315 billion rubles from the tax.

      As previously reported by Shokhin, Putin discussed issues related to the Ukrainian crisis and the Middle East during a meeting with business leaders. He also warned businesses and the government about the risks of irrationally using revenues obtained amid fluctuations in global markets and rising prices for traditional exports. The Russian leader emphasized that in such a situation, there may be a temptation to allocate revenues for dividends or increase budget expenditures. However, according to his assertion, prudence must be maintained. According to Maxim Reshetnikov, head of the Ministry of Economic Development, the windfall tax in certain sectors is a subject for separate analysis. The Ministry of Economic Development is ready for dialogue on this topic.

      In September 2025, the "Fair Russia - For Truth" party presented a bill proposing to introduce a one-time windfall tax on banks at a rate of 10%. However, the Ministry of Finance did not support the initiative. It was noted that the proposed measure would bring an additional 200 billion rubles to the budget. According to the Bank of Russia, in 2024, the net profit of banks reached record levels — 3.8 trillion rubles. In 2023, it was 3.3 trillion, and in 2022 — 203 billion rubles. Thus, over two years, the figure increased almost 19 times.

      Additional news on the event:

      Media: Authorities discuss introducing a 20% windfall tax

      On March 10, the relevant agencies received a directive from President Vladimir Putin to work on a proposal to introduce a windfall tax for 2025 at a rate of 20%. 20:01 10.04.2026 IA Tatar-inform - Kazan

      "Interfax": Russia may introduce a windfall tax for 2025 at a rate of 20%

      The Russian government has begun working on the idea of introducing a windfall tax based on the results of 2025. 18:48 10.04.2026 Business Online - Kazan

      News from neighboring regions on the topic:

      Authorities discuss windfall tax for companies for 2025

      Russian authorities are discussing the introduction of a windfall tax based on the results of 2025. 21:01 10.04.2026 IA Public News Service - Moscow

      Budget revenues in Kabardino-Balkaria increased by 28% since the beginning of 2026

      As of April 1, 2026, 24.8 billion rubles have been received in the budgets of all levels in Kabardino-Balkaria. 15:33 10.04.2026 Expert South - Rostov-on-Don

      Shokhin: A businessman proposed making a large contribution to the budget at a meeting with Putin

      RSPP head Alexander Shokhin revealed new details about the idea of a businessman’s contribution to the budget. 15:21 10.04.2026 IA Public News Service - Moscow

      The budget of the Social Fund of Russia for the first half of 2025 was executed with a deficit of 218.3 billion rubles

      The budget of the Social Fund of Russia for the first half of 2025 was executed with a deficit of 218.3 billion rubles. 18:15 10.04.2026 SIA.RU - Irkutsk

      The Federal Tax Service informs

      In the first quarter of 2026, 27.8 billion rubles in tax payments were received in the region's budget. 10:51 10.04.2026 KaviCom.Ru - Stary Oskol

      In Chuvashia, over 74 billion rubles in taxes were collected in the first quarter

      In the republic, 74.2 billion rubles in taxes, fees, and insurance contributions for mandatory social insurance, administered by tax authorities, were mobilized from January to March 2026. 18:03 09.04.2026 Chamber of Commerce and Industry of Chuvashia - Cheboksary

      Tax officials collected 61 billion rubles from Belgorod residents

      The Federal Tax Service reported on revenues for the first quarter. From January to March 2026, 61.8 billion rubles in taxes were collected in Belgorod Oblast. 13:38 09.04.2026 Vbelgorode.Com - Belgorod

      The government of Chuvashia approved the budget execution report for 2025

      The government of Chuvashia approved the budget execution report for 2025. According to the press service of the Ministry of Finance of the Chuvash Republic, the annual report on the execution of the region's budget for 2025 was approved. 11:35 09.04.2026 NTA-Volga - Nizhny Novgorod

      Net profit of Rosenergoatom decreased by 6.5% for 2025

      For 2025, the net profit of Rosenergoatom, which manages the electric power division of Rosatom, amounted to 133.3 billion rubles, which is 6.5% less than the previous year. 10:44 09.04.2026 Rakurs 32 - Bryansk

      Federal budget with a deficit: results of the first three months of 2026

      April 9. /MEDIA TALK/. According to the Ministry of Finance, in January-March 2026, the federal budget revenues reached 8,309 billion rubles, which is 8.2% lower than the figure for the same period last year. 10:11 09.04.2026 IA Media Talk - Moscow

      The budget of the Omsk region has started receiving more taxes from residents

      According to the Federal Tax Service, in the first three months of 2026, 29.6 billion rubles in taxes were received in the consolidated budget of the Omsk region. 12:27 09.04.2026 RIA Omsk-inform - Omsk

      Since the beginning of the year, more than 29 billion rubles have been received in the consolidated budget of the Omsk region

      Revenues increased by 6.9% in the first quarter of 2026. In the first three months of 2026, 29.6 billion rubles in taxes and fees were received in the consolidated budget of the Omsk region, reports the regional Federal Tax Service. 11:28 09.04.2026 IA Omskregion - Omsk

      The revenues of the consolidated budget of the Omsk region increased by almost 2 billion rubles

      In the first quarter of 2026, 29.6 billion rubles in taxes and fees were collected in the region. 11:15 09.04.2026 Evening Omsk - Omsk

      The main sources of income for the budget of the Omsk region have been named

      Overall, tax revenues to the region's budget increased by almost 7%. 11:03 09.04.2026 SuperOmsk - Omsk

      The top 5 companies in Nizhny Novgorod earned three times more than the budget

      Their total revenue exceeded 1.2 trillion rubles in 2025. The five largest companies from Nizhny Novgorod showed a total revenue of more than 1.2 trillion rubles in 2025. 21:10 08.04.2026 Newsroom24.Ru - Nizhny Novgorod

      In three months, about 31 billion rubles in tax payments were mobilized into the consolidated budget of Altai Krai

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"Interfax": A tax on excess profits for 2025 may be introduced in Russia at a rate of 20%

The Russian government has started working on the idea of introducing a windfall tax based on the results of 2025. 10.04.2026. Business Online. Republic of Tatarstan. Kazan.