- Changes to the Tax Code will affect the simplified taxation system starting from January 1, 2025
- Some USN taxpayers will have to pay VAT based on their income
- The exemption or obligation to pay VAT will depend on the income amount
- The rules for applying VAT to non-taxable operations will remain the same
- Autonomous institutions
- USN taxpayers will still be able to carry out non-taxable operations even if they lose the VAT exemption due to exceeding the income limit of 60 million rubles
Source: garant.ru
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Russia"
- Russia Approves 2026 Budget: VAT Rate Increase and Simplified Tax System Changes Announced
- Russia Prolongs Sunflower Oil Export Duties Through 2028
- Russia’s Finance Ministry Outlines Tax Reforms, Proposes VAT Hike in 2026 Budget
- Russia Proposes VAT Rate Increase and Lower Simplified Tax Threshold in 2026 Budget Plan
- Russia’s MinFin proposes to hike VAT from 20 to 22% as of Jan 1, 2026
