Overview
- Prime Minister Mikhail Mishustin announced the schedule at a government meeting: 20 million rubles in 2026, 15 million in 2027, and 10 million in 2028.
- The current VAT liability threshold for small and medium businesses remains 60 million rubles in annual revenue.
- The government is considering a moratorium on penalties for taxpayers who commit a first-time violation under the new rules.
- Officials frame the approach as easing VAT application for SMEs while addressing risks such as business splitting to avoid the tax.
- Further implementation will require follow-on regulatory actions by the government and tax authorities.