
The Finance Ministry will not raise taxes on banks and owners of luxury goods.
The Russian Finance Ministry has abandoned the idea of raising the profit tax for banks. According to Interfax.ru, credit institutions need their own funds to strengthen capital and build reserves amid high risks.
Finance Minister Anton Siluanov noted that banks' profits in 2025 will remain at last year's level — around 3.8 trillion rubles. These funds, he said, will go toward maintaining the stability of the banking system. He also stressed that most of the largest banks are state-owned, so raising the profit tax would reduce dividend receipts to the budget.
In addition, the Finance Ministry does not plan to increase the luxury tax. Siluanov explained that such measures would not have a significant effect on the budget. According to the ministry's estimate, raising rates for owners of expensive cars and real estate would yield only a negligible increase in revenues.
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The Finance Ministry will not raise taxes on banks and owners of luxury goods.
Siluanov said that it would be more advantageous for the budget to let banks keep their profits and not to revise the luxury tax.