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Government Prepares 590 Budget and Tax Amendments Totaling Over 7 Trillion Rubles

Finance Minister Anton Siluanov said the package incorporates stakeholder proposals ahead of an 18 November second reading.

Overview

  • The revisions span 2026–2028 and adjust funding for national projects, social programs, defense needs and industrial modernization.
  • Tax changes include phased VAT application thresholds for small and medium businesses set at 20 million rubles in 2026, 15 million in 2027 and 10 million in 2028.
  • The package proposes a moratorium on liability for taxpayers’ first-time VAT payment violations.
  • About 300 billion rubles over three years would be reallocated from reserved resources to national projects.
  • Targeted reliefs include PIT exemptions on certain deposit income for entrepreneurs on special regimes, benefits for Zemsky trener participants, transport-tax breaks for Heroes of Russia, and land and property tax relief in emergency or temporary resettlement zones, with the Duma’s second reading set for 18 November after first-round approval on 22 October.