The Ministry of Finance is ready to amend the tax on excess income in case of a threat of bankruptcy of companies The Russian Ministry of Finance is ready for a second reading of the draft federal budget for 2027-2029 to discuss adjustments to the excess income tax for individual mining companies if the new rules create a threat of bankruptcy or inability to pay the tax. So said the Minister of Foreign Affairs - Deputy Minister of Finance Alexei Szanov. The draft budget establishes a tax of 30% of the increase in income due to the increase in the prices of solid minerals in the world relative to the level of 2024 for individual companies in the mining and metallurgy sector. For gold miners the rate will be 20%. According to Seznov, the Ministry of Finance calculated the average tax burden in the industry and did not analyze the position of each company separately. Therefore, the department is ready to study the risks for specific establishments and discuss possible solutions for a second reading of the bill.