State Duma Passes Bill Delaying VAT Tax Hikes for Small Businesses (opens original article in a new tab)

Russia's State Duma passed a bill to delay VAT tax hikes for small businesses by freezing the revenue threshold at 20 million rubles until 2029, with gradual reductions to 15 million in 2029 and 10 million in 2030.

• State Duma passed a bill to freeze VAT tax threshold for small businesses until 2029
• The new legislation delays reduction of VAT exemption threshold from 20 million to 10 million rubles over two years
• The bill does not apply to businesses using Russia's patent tax system