Businesses warned of price increases after the tax reform.
Gazeta.Ru reports, citing the Union of Accountants and Tax Consultants, that 64% of surveyed companies view this as the primary way to offset additional costs.
About a third of respondents (33%) said they would remain on the current tax regime but pass the increased costs on to customers. Another 31% plan to change their tax regime, but also consider price increases inevitable. Only 11% of participants are willing to temporarily reduce profits in order not to raise the price of their products. Meanwhile, roughly 12% — mainly small entrepreneurs — may shut down entirely after the reform comes into effect.
According to experts' estimates, retail trade (75%), freight transport (43%) and the service sector (20%) will suffer the most. These industries are most sensitive to tax increases due to high competition and low margins.
One in five entrepreneurs is not taking any steps yet, awaiting the government's final decisions.
As a reminder, from January 1, 2026 the standard VAT rate will increase from 20% to 22%, while the reduced 10% rate will be retained for socially significant goods — food, medicines and children's products. According to the Ministry of Finance's calculations, this measure is expected to bring about 1.2 trillion rubles to the budget in 2026 and more than 4 trillion rubles over three years.
In addition to raising VAT, the authorities are considering other changes — lowering the revenue threshold for the simplified tax system (STS) from 60 to 10 million rubles, revising VAT exemptions and adjusting insurance contributions and excise taxes. Experts note that together this could significantly increase the tax burden on businesses.
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Businesses warned of price increases after the tax reform.
Most Russian entrepreneurs plan to raise prices for goods and services due to an impending increase in the tax burden.