- Russia’s Ministry of Finance proposed budget and tax code changes for 2026 to 2028.
- The standard VAT rate will increase from 20% to 22%.
- The reduced VAT rate on essential goods remains unchanged.
- The VAT threshold for simplified tax regime drops from RUB 60 million to RUB 10 million.
- Proposed changes may take effect on 1 January 2026.
Source: regfollower.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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