- The Russian Government approved the draft federal budget for 2026 to 2028. The standard VAT rate will increase to 22 percent. The preferential 10 percent VAT rate for essential goods will remain. The income threshold for VAT under the simplified tax system will decrease to 10 million rubles.
Source: news.bloombergtax.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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