The State Duma called the balance of interests the main task of tax changes.
The main objective of the draft law on VAT changes is to find a balance between the interests of the state and society. This was announced on November 18 by the head of the Duma Budget Committee, Andrei Makarov, at a plenary session of the State Duma.
"The main task that the State Duma has set for this bill <...> find a balance between the interests of the state, society and business, if necessary, to provide financial support for the priorities of budget and tax policy," the parliamentarian emphasized.
The deputies adopted in the second reading a document providing for an increase in the basic VAT rate to 22% while maintaining a preferential 10% rate for socially important goods.
The draft law retains existing tax benefits, including VAT exemption for the sale of rights to Russian software. The document provides for a smooth three-stage transition to new tax conditions.
Earlier, on October 3, the Ministry of Finance of the Russian Federation developed amendments to the Tax Code. The changes involve the introduction of VAT from 2027 on foreign goods imported into the country and purchased through electronic trading platforms. It was noted that the tax will apply to those goods whose value does not exceed the norms under which importation into the Eurasian Economic Union (EAEU) is carried out without payment of customs duties.
Finance Minister Anton Siluanov, in turn, said on October 6 that the agency estimated the impact of an increase in value-added tax (VAT) on inflation of about 1%, this is taken into account in the forecasts of indexation of salaries and social benefits. It was clarified that the Ministry of Finance proposed to change the VAT level from the current 20% to 22% from 2026, while the preferential rate of 10% for all socially important goods will remain.
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