VATupdate

Share this post on

VAT Rate Hike to 22% Adds 426 Billion Rubles to Budget in H1 2026

  • Raising VAT to 22% brought in an extra 426 billion rubles to the budget in the first half of 2026.
  • Total tax revenues exceeded 31 trillion rubles, up 8% year over year; the non-resource sector accounted for 90% of receipts and grew 25%.
  • Revenue from simplified tax system businesses reached 523 billion rubles after threshold changes, while insurance contributions and personal income tax rose 13%.
  • Tax services are becoming more automated: most benefits are granted proactively, medical/education/fitness refunds now take 4 days, and property tax checks take up to 20 days.
  • A new family support measure cut the personal income tax rate to 6% for families with two or more children, with 3.4 million recipients already reported.

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.



Sponsors:

Pincvision
VAT IT

Advertisements:

  • advert
  • RTC
  • Zampa