The State Duma adopted a bill in its first reading to raise VAT to 22%.
The State Duma adopted in the first reading a bill to amend the Tax Code. The document provides for an increase in the value-added tax from 20 to 22% starting in 2026.
For socially significant goods the tax rate will remain at the preferential level of 10%. Such goods include bread, dairy products, meat, butter, sugar, as well as certain vegetables and fruits.
According to estimates, the VAT increase will allow federal budget revenues to rise by 1.18 trillion rubles in 2026, by 1.55 trillion in 2027, and by 1.67 trillion rubles in 2028. This is reported by kommersant.ru.
In addition, the document proposes to change the conditions for applying the simplified taxation system. The maximum annual revenue threshold for entrepreneurs is planned to be reduced from 60 to 10 million rubles. This measure, according to the explanatory note, will bring the federal budget an additional approximately 200 billion rubles.
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