The source announced the introduction of a project to the Cabinet of Ministers to increase the income tax to 30%

According to the draft amendments, the new formula may increase the income tax for some organizations from 20% to 25-30%.

The draft says that a new article will appear in the Tax Code of Russia, which determines the rate of income tax to be credited to the budget. The income tax indicator (ITI) is introduced, which is calculated as the difference between the amount of dividends paid by the company for the tax period and the four periods immediately preceding it, and the amount of investments. The amount of the net assets of the organization is determined by the accounting statements of the organization. It turns out that the document introduces a binding of the tax rate to dividends for the last five years and investments.

Izvestia sent a request to the Ministry of Finance, at the time of publication, the agency did not respond to it.

If the ITI coefficient is less than one, the profit tax in the part credited to the budget remains unchanged. If it is equal from one to two, then the amount of the rate credited to the budget increases from 3% to 8%. According to the Tax Code, the current income tax rate in Russia is 20%, of which 3% is credited to the federal budget, 17% — to the budgets of the country's constituent entities. Thus, the final income tax rate may increase to 25%.

If the ITI is more than two, then the part credited to the budget increases from 3% to 13%, and the final income tax rate increases to 30%.

The new article does not apply to companies that have paid a total of less than 5 billion rubles in dividends over the previous five years. It does not apply to state corporations and companies in which they own more than 50%. Organizations in which the share of direct participation of individuals exceeds 50% are excluded from the influence of the new article.

The fact that the Ministry of Finance has prepared a draft law on a retrospective increase in income tax to 25-30% for companies with high dividends was stated in the message of Russian Steel on September 20.

‘According to the proposal of the Ministry of Finance, the company's indicators (dividends, investments, depreciation) for the past five years are used to determine the applicable rate. This violates the fundamental principle of Russian tax legislation, which assumes that "the law has no retroactive effect,’ the association said.

Metallurgists believe that the implementation of the initiative will lead to a decrease in investment, since ‘those projects that look attractive in the current conditions will not be selected due to the increase in the tax burden.’ This can lead to an outflow of investments and destabilization of the stock market.

Minister of Finance Anton Siluanov explained to journalists at a briefing on September 21 that the retrospective mechanism of taxation on income tax is of a stimulating nature, and not fiscal. The minister said that this measure will affect "some companies", but did not name them.

Siluanov also noted that, according to the draft law of the Ministry of Finance, companies with state participation would fall under the new tax order.

When asked by journalists whether the new order will be long-term - the draft amendments affect the years 2022-2024 - Siluanov said that "predictability is needed."

In early September, Russia proposed to exempt retail chains, which transfer products with an expiring expiration date (from one to four days) to charity, for example, to non-profit organizations, from paying VAT. The national Center for Food Rescue and Environmental Care Foodsharing addressed the Ministry of Finance with such an initiative. "Izvestia" read the letter of the organization to the head of the department Anton Siluanov. The Ministry of Finance said that they had received a proposal and would consider it.