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Russian finance minister expects notable growth of windfall tax payments in November

Accoridng to Anton Siluanov, 40 bln rubles have been received so far

MOSCOW, November 22. /TASS/. Companies’ windfall tax payments will rise considerably in November, Russian Finance Minister Anton Siluanov said.

"Out of 300 bln rubles that we plan to get, 40 bln [rubles] have been received so far. We are confident that this amount will seriously rise in November," he said.

Russian President Vladimi Putin endorsed earlier the law imposing a 10-percent windfall tax on large companies. The law is to take force on January 1, 2024. The tax must be paid no later than January 28, 2024, according to the document. It will be paid solely to the federal budget and will be a one-time fee, with around 300 bln rubles ($3.4 bln) worth of additional revenues expected.