- The Kremlin did not comment on reports about a potential VAT increase in Russia’s 2026 budget. Media reports suggest the government is considering raising VAT from 20 percent to 22 percent. The proposed VAT hike aims to address the budget deficit while preserving fiscal reserves. Sources confirmed discussions are ongoing but no final decision has been made. President Putin has been involved in discussions with the government this month.
Source: tradingview.com
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.
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