Ministry of Finance Proposes Amendments to the Tax Code
The Ministry of Finance has submitted to the government a package of draft laws aimed at adjusting the national tax system.
Key Proposals
- Increase of VAT
The standard VAT rate is proposed to be raised by 2 percentage points — from 20% to 22%.
The reduced 10% rate will remain in place for socially important goods such as food products, medicines and medical supplies, children’s goods, and other essential categories.
- Changes to Bookmaker Taxation
- Introduction of a gambling tax of 5% on the total amount of accepted bets by bookmakers.
- Increase of the corporate income tax rate to 25% for bookmaker companies.
- Stricter Rules for the Simplified Taxation System
The revenue threshold for taxpayers using the simplified taxation regime, above which VAT becomes payable, is planned to be lowered from 60 million to 10 million rubles.
Timeline
If adopted, the amendments to the Russian Tax Code will take effect on January 1, 2026.
