Energy firms have been exempted from the levy Russian President Vladimir Putin has signed a law obliging large companies to pay a windfall tax on excess profits, according to a posting on the portal for legal information on Friday. The levy will target any businesses whose profits in 2021-2022 exceeded 1 billion rubles ($10.5 million), charging 10% on any excess profits earned during that period. The deadline for the payment is January 24, 2024. The move would reportedly add more than $3 billion to the state coffers over the next three years, according to RIA Novosti. Companies established after 2020 and energy se
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