Egorov reported that within the framework of adjusting income…
Egorov reported that within the framework of adjusting income thresholds for VAT payment under the simplified tax system, taxpayers with incomes between 20 and 60 million have already paid 108 billion rubles, while those with incomes between 60 and 450 million have paid 415 billion rubles.
Consensus
- Tax revenues in Russia's budget system increased by 8% in the first half of 2026 compared to the same period in 2025, reaching 31 trillion rubles.
- Non-resource tax income accounted for 90% of all consolidated budget receipts.
- The VAT rate was increased from 20% to 22% in 2026, contributing 426 billion rubles to the budget in the first half of the year.
- Small businesses transitioning off simplified taxation (USN) contributed an additional 522 billion rubles in tax payments due to revised income thresholds for VAT liability.
- The Federal Tax Service reported that actual revenue from the VAT increase matched or exceeded Ministry of Finance projections.
- The FTS expects continued growth in non-resource tax revenues despite potential volatility in hydrocarbon prices.
Points of divergence
- Russia's VAT rate is at its highest level since 1992 and ranks among the top 20 globally, with only a few European countries having higher rates; Russia shares the highest rate (22%) outside Europe with Uruguay. — tg_moscowtimes_ru
- The Russian federal budget recorded a surplus of 196 billion rubles in June 2026, driven by both oil/gas and non-oil/gas revenues; the National Wealth Fund (NWF) reached 13.1 trillion rubles ($168.53 billion), with significant increases in yuan and gold holdings. — vedomosti
- The FTS reported a 25% year-on-year increase in non-resource tax income, while the federal budget grew by 6% compared to 2025; insurance contributions and personal income tax rose by 13%, attributed to growth in taxable bases. — interfax
Coverage (3 sources)
- Head of Tax Service Reports on Seizure from Russians of Nearly 500 Billion Rubles via VAT Increase — The Moscow Times
- Tax authorities expect further growth in Russia's non-oil and gas budget revenues — Ведомости
- Tax revenue to the Russian Federation's budget system increased by 8% in the first half of the year — Интерфакс
Key entities
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