Russia has published Federal Law No. 414-FZ of 4 August 2023, which provides for the introduction of an excess profit tax on excess profits of companies in 2021 and 2022. Russia has also published Federal Law No. 415-FZ of 4 August 2023, which includes related amendments to the Russian Tax Code for the excess profit tax.

Taxpayers subject to the excess profit tax include Russian companies (o…