WINDFALL TAX: NECESSITY AND CALCULATION METHODOLOGY

In the context of growing federal budget deficit, the need of the state to raise tax revenues is increasing. In this regard, the article analyzes the dynamics of tax revenues of the federal budget of the Russian Federation for 2018-2022, as well as their share in the total aggregate of federal budget revenues. The study shows the need to improve the tax policy of the state in order to increase the share of tax revenues. In June 2023, the Government of the Russian Federation approved a draft law establishing a tax on excess profits (windfall tax). The tax will not affect small and medium-sized companies, UAT payers, as well as companies established after 2020, and companies whose average pre-tax profit for 2021—2022 does not exceed 1 billion rubles. Also, companies in the oil and gas sector and coal mining will not be included in the perimeter of the tax. The RF Ministry of Finance proposes to calculate the difference between the amount of net profit of companies for 2021—2022 and the amount of net profit for 2018—2019 to determine the taxable base for excess profit tax, and the amount of tax should be calculated as the taxable base multiplied by the tax rate. This article provides a methodology for calculating the windfall tax according to the progressive scale of the tax rate based on the amount of excess profits received by the enterprise, the calculation of the excess profit tax projected for 2024 is made and the economic effect of the windfall tax as a result of the application of the progressive scale of the tax rate is calculated.

tax, tax policy, federal budget, excess profit, windfall tax, net profit, tax rate, taxable base, federal budget revenues, Ministry of Finance of the Russian Federation, progressive scale

Samoylenko I. V. Windfall tax: necessity and calculation methodology. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2023;3(64):65—70. DOI: 10.25683/VOLBI.2023.64.712.