Rosseti will pay 1.6 billion rubles in excess profit tax

Rosseti will take advantage of the option of early (before November 30) payment of a one-time tax on excess profits of large businesses (the so-called windfall tax). As a result, the group will transfer 1.6 billion rubles, its CEO Andrei Ryumin told reporters at VEF-2023.

“[Полная сумма составляет] about 3.3 billion rubles. We have several subsidiaries that are subject to this tax. We plan to take advantage of early payment, and it will amount to about 1.6 billion rubles,” he said (quoted by T).

Against the backdrop of the news, the company’s share price decreased by 1.86% to a minimum of 0.1322 rubles. As of 12:25 Moscow time, the securities cost 0.133 rubles. (-1.23%), the Moscow Exchange index was 3,173.52 (+0.24%). Since the beginning of the year, it has grown by 47%, the company’s quotes by 53%.

Russian President Vladimir Putin signed the law on a one-time 10% tax on excess profits of large businesses in early August. The tax is levied on the excess of the arithmetic average profit for 2021–2022. above the arithmetic average profit in 2018–2019. and must be paid no later than January 28, 2024. If the fee is paid between October 1 and November 30, 2023, the rate is reduced to 5%.

Companies extracting oil, gas, coal, oil refineries, and liquefied natural gas producers with existing production and export are not covered by the law. Small and medium-sized enterprises, as well as developers who implement projects involving funds from citizens through escrow accounts (provided they do not pay dividends in 2021-2022), credit and non-credit financial organizations in respect of which measures are being taken will not pay the tax. bankruptcy prevention, as well as companies that did not have sales revenue in 2018-2019.

On September 12, Putin said during a plenary meeting of the WEF that the government does not see the need to raise taxes on business.

In June, First Deputy Prime Minister Andrei Belousov said that the idea of ​​the windfall tax belongs to business. According to him, entrepreneurs preferred a one-time contribution to the budget to increasing taxes. In February, Finance Minister Anton Siluanov said that the Ministry of Finance expects to receive a total of about 300 billion rubles from business.

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