Tele2 pays windfall tax of 322.1 mln rubles in November

MOSCOW. March 6 (Interfax) - T2 Mobile LLC, the Tele2 brand owned by Rostelecom , paid the excess profit tax, or so-called windfall tax, totaling 322.06 million rubles, the company said in a financial report.

T2 Mobile LLC remitted the payment in November 2023, according to the report.

The government implemented the one-off windfall tax for large companies whose average respective profits exceeded 1 billion rubles for 2021-2022, payable as of January 1, 2024. The tax rate is 10% of the excess profit for the two-year period over the same figure for 2018-2019. Taxpayers had to pay the windfall no later than January 28, 2024, calculating the amount themselves.

However, a company could have reduced the effective tax rate to 5% if it transferred a security payment from October 1 to November 30, 2023.

T2 Mobile LLC is the management company of the Tele2 Russia group of companies.