- Russia will phase in lower VAT thresholds for small businesses starting in 2026 after pushback from business owners.
- The new threshold will require businesses with annual revenues above 10 million roubles to pay VAT, down from the current 60 million roubles exemption.
- There will be a moratorium on tax-violation punishments.
- The government’s offer does not fully meet business lobby demands.
- A “technology tax” on imports has also been proposed.
Source: reuters.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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