The Russian State Duma has received a bill from the A Just Russia faction proposing a one-time tax on banks’ profits for 2025–2026, aimed at mobilising additional revenue for the federal budget.
Russia is considering a one-time windfall tax on banking sector profits, following a bill submitted to the State Duma. The initiative, filed under Bill No. 1162521-8, was published in the chamber’s electronic database.
The excess profits for banks will be defined as the excess of the average value of profits for 2025 and profits for 2026 over the average value of profits for 2023 and profits for 2024. The tax rate is expected to be set at 10%, with no discount for early payment.
This announcement was made on 27 February 2026.
The proposal comes from deputies of the A Just Russia faction, led by party chairman Sergey Mironov. According to the explanatory note accompanying the bill, the profits of Russian banks in 2026 are expected to reach levels comparable to the record highs of 2024. “Thus, the banking sector is showing very high net profits. In essence, this sector is generating super-profits,” the note states.
The authors of the initiative estimate that the measure could generate around RUB 100 billion in additional revenue for the federal budget.
This is not the first attempt to introduce such a levy. In September 2025, a similar bill proposing a one-time 10% tax on banks’ profits was submitted to the State Duma, but it was rejected by the chamber.
