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14 September 10:50
The Russian government is considering the possibility of a new tax increase - Reuters
09:55; 18 September 2025 year
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The Russian government is considering the possibility of another tax increase to reduce the budget deficit and preserve the budget rule. This was reported by the Reuters news agency, citing unnamed sources.
According to sources, the possibility of increasing VAT, which generates the largest amount of revenue to the treasury, is being discussed. According to the publication, the VAT increase is considered as a priority option, as the Russian authorities have already raised other taxes.VAT is a key tax for the budget of the Russian Federation. The last time the tax rate in Russia was raised was in 2019, from 18% to 20%. As of the end of 2024, VAT amounted to 13.5 trillion rubles and provided almost 37% of all revenues to the federal budget.
