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In Russia, the VAT rate has been raised to 22% - the law has been signed

Виктор Сизов • • Economy
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The law signed by Russian President Vladimir Putin increases the value-added tax (VAT) rate from 20% to 22%. These changes will take effect on January 1, 2026, as reported by "Meduza".

At the same time, the reduced rate of 10% on essential goods (including food, medicines, and children's products) will remain unchanged. However, the law also includes measures to gradually lower the revenue threshold for small businesses that will have to pay VAT:

Additionally, Putin approved a law that increases the personal income tax (PIT) rate for so-called "foreign agents" to 30%. Previously, this rate applied only to non-residents. Individuals recognized as "foreign agents" in Russia will also lose the right to tax benefits, such as deductions for investments and exemptions from taxation on income from gifts and inheritance. Companies recognized as "foreign agents" will not be able to use reduced profit tax rates.
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