- Russia will phase in lower VAT thresholds for small businesses from 2026, after backlash from business owners.
- The VAT exemption threshold will drop from 60 million roubles to 20 million in 2026, 15 million in 2027, and 10 million in 2028.
- A moratorium on penalties for first-time tax violations will be introduced for businesses newly subject to VAT.
- The changes are intended to boost state finances for military spending, despite concerns about increased tax pressure on small businesses.
- The government also plans to raise the general VAT rate and introduce a “technology tax” on industrial electronics imports.
Source: globalbankingandfinance.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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