We have been keeping an eye on the new tax initiative since this February, when the Ministry of Finance first announced its plans to withdraw a part of big businesses’ windfall tax generated thanks to the favourable market conditions.
The initiative has evolved since then: from a voluntary contribution and an increased income tax rate to a lump-sum mandatory tax payment.
Recently, the bill on the windfall tax finally reached the State Duma.
Let us dive into the details in our new LT in Focus.
Download
The initiative has evolved since then: from a voluntary contribution and an increased income tax rate to a lump-sum mandatory tax payment.
Recently, the bill on the windfall tax finally reached the State Duma.
Let us dive into the details in our new LT in Focus.
Download