Putin postponed plans to lower the revenue threshold for switching to VAT.
The revenue threshold for small businesses, after exceeding which entrepreneurs are required to pay VAT, will remain at the same level — 20 million rubles per year. As reported by Interfax, Putin made this statement during the plenary session of the SPIEF-2026. "I consider it possible to postpone further reduction of the threshold. (...) I will not specify a timeframe for fixing it at the current level, but the further away, probably the better," the publication quotes the president.
Let us remind you that from January 1, 2025, a phased reduction of the maximum income for transitioning taxpayers to the simplified taxation system (STS) in the VAT payment mode (value-added tax) began. From 2025, entrepreneurs under the STS whose revenue exceeded 60 million rubles either for the previous year or from January 1, 2025, will have the obligation to pay VAT. From 2026, the threshold was lowered to 20 million rubles. In 2027, it was supposed to drop to 15 million rubles, and in 2028 — to 10 million rubles.
Другие Новости Кирова (НЗК)
Putin postponed plans to lower the revenue threshold for switching to VAT.
During a meeting at the St. Petersburg International Economic Forum 2026, Russian President Vladimir Putin announced the postponement of plans to lower the revenue threshold for small businesses, exceeding which "small" entrepreneurs using the simplified tax system (STS) are required to pay VAT.
