Keyword: «excess profit»

On the eve of large-scale changes in the tax system of the Russian Federation, the article makes an attempt to comprehend the innovation of 2023 in the form of an excess profit tax. Excess profit tax is not something new in world practice; examples of such mandatory payments have been known for more than 100 years. The main reasons for its introduction are an acute budget deficit and the receipt of excess profits by business entities in certain sectors of the economy. The amount of excess profit tax payments received into the budget of the Russian Federation was 6.27% higher than the expected amount, which can be considered evidence of the successful implementation of the innovation. The authors of the article, based on statistical data, analyze the reasons and results of the appearance of the excess profit tax in the Russian tax system, its advantages and disadvantages, and compare them with the upcoming changes in the corporate income tax.