Russian State Duma OKs Bill to Increase VAT to 2% From 2026 for Socially Significant Goods

NAMPA / Sputnik
2025-11-20
MOSCOW, November 20 (RIA Novosti) - The lower house of the Russian parliament on Thursday passed a bill increasing VAT from 20% to 22% effective January 1, 2026, while maintaining a preferential rate of 10% for all socially significant goods. The document introduces comprehensive amendments to the tax code. Products eligible for the preferential rate include food, medicines and medical products, children's products, periodicals, books, and breedi......
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