Exporters will reassess the income tax base at a budget-friendly rate

The largest companies will pay extra to the budget, including through the recalculation of the amount of income tax, taking into account the adjustment of the currency revaluation balance. This was reported to Vedomosti by a source close to the government, the information was confirmed by an interlocutor familiar with the discussion of the issue.

In general, one of the tax consultants in one of the large consulting companies has similar information. In March, the authorities provided relief to businesses and adjusted the principles for accounting for income and expenses from exchange rate differences – against the background of the growth of the dollar to 100 rubles. and higher. Companies were allowed to temporarily not take into account paper income from the revaluation of foreign exchange assets, otherwise organizations would have to pay an increased income tax as a result of converting the value of property into rubles.

But after the ruble began to rapidly strengthen, the norm from the support measure began to be used for tax optimization, a source close to the government explained. For example, companies, on the contrary, did not take into account the savings in ruble terms from the revaluation of their foreign currency liabilities, and lowered the tax base from the revaluation of assets. When it became clear that the budget system was losing money – in fact due to the abuses of the largest taxpayers – government amendments were adopted giving companies the right to voluntarily refuse to recognize the negative exchange rate differences that arose in 2022 in expenses on a monthly basis. did not take advantage, say the interlocutors of Vedomosti. “Basically, the business just threw the budget,” said a source close to the government. Now the companies are being worked on: they are reminded that they have the opportunity to show a responsible attitude towards the interests of the country.