- The government plans to remove VAT exemptions for bank card operations.
- Changes will not affect the opening and maintenance of bank accounts.
- The VAT rate may increase from 20 percent to 22 percent.
- A 10 percent reduced rate will remain for essential goods.
- New tax regulations for various sectors and income thresholds are proposed.
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 is set to increase its standard VAT rate from 20% to 22% starting in 2026
- Russia Faces Economic Uncertainty Amid VAT Hike Plans and Escalating US Sanctions
- Russian IT Industry Retains VAT Exemption, Easing Tax Pressure on Software Developers
- Russian Government Delays Removal of VAT Break for Domestic Software Developers
- Russian Small Businesses Warn Tax Hikes May Force Closures, Push Firms Into Shadow Economy














