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Putin Says Lowering VAT Revenue Threshold Can Be Delayed
17:14; 05 June 2026 year
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Putin Addresses 2026 St. Pyotrsburg International Economic Forum (SPIEF)
Russian President Vladimir Putin has announced the possibility of halting the reduction of the revenue threshold for businesses to pay Value Added Tax (VAT) under the simplified taxation system.
Currently, the limit for exemption from VAT is set at 20 million rubles ($266,000) per year.
