Overview

• Russia’s Finance Ministry filed to the government a package covering 2025 budget amendments, the draft 2026–2028 federal budget, and changes to the Budget and Tax Codes.
• The proposals include lowering the simplified‑tax VAT liability threshold from 60 million to 10 million rubles starting January 1, 2026 to curb business splitting.
• Bookmakers would face a 5% levy on accepted bets and a 25% profit tax from 2026, shifting the sector toward taxation of both turnover and financial results.
• SME social‑contribution preferences would be reworked with standard rates for sectors such as trade, construction and mining, reduced rates retained for priority industries, MROT‑based contribution rules for underpaid executives, and broader access to the federal investment tax deduction.
• The cabinet is set to review the three‑year budget and macro forecast on Wednesday, with priorities cited as social obligations, defense and demographic measures, while a reported VAT rate increase to 22% remains unconfirmed.