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Putin Signs Law Raising Russia’s Value-Added Tax to 22%

Summary by The Moscow Times
President Vladimir Putin on Friday signed a major tax overhaul that will raise Russia’s value-added tax to 22% from 20% next year, a move aimed at closing the fiscal gap created by soaring military expenditures and falling oil and gas revenues amid Western sanctions.

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Russian President Vladimir Putin signed a law that provides for an increase in the total value-added tax (VAT) rate from 20% to 22%, and the changes will enter into force on 1 January 2026.

·Riga, Latvia
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Vladimir Putin signed a bill to raise the value added tax from 20 to 22 per cent.

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Innovation will begin on 1 January 2026

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istories.media broke the news in on Friday, November 28, 2025.
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