Russia Corporate Tax Payments Seen at 1.5t RUB in June: Survey

Mineral extraction tax payment seen at 211b rubles ($3.1b), while excise is forecast at 80b rubles and VAT predicted to be 344b rubles all due June 25, according to a survey of 7 banks and funds.

• Profit tax, due June 29, is estimated at 183b rubles
• Insurance payments, due June 15, are estimated at 560b rubles
• Surveyed banks and funds are: Sberbank, Freedom Finance, RDIF, Nordea, ING, Promsvyazbank, Uralsib
• NOTE: Ruble usually strengthens before and during tax-payment deadlines as companies buy rubles to pay taxes
• See full table here (in Russian)

--With assistance from Áine Quinn.

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