On Saturday, July 4, Russian President Vladimir Putin signed a law that maintains the current annual income limit of 20 million rubles until 2030 to exempt small businesses that use a simplified tax system from paying value-added tax. The document was published on the official legal information portal.
Previously, it was planned to gradually reduce this threshold: to 15 million rubles from 2027 and to 10 million rubles from 2028. The new law continues these changes, maintaining the current limit of 20 million rubles for the period 2027-2029.
According to the document, reducing the minimum to 15 million rubles will enter into force only from 2030, and to 10 million rubles – from 2031, as indicated in material.
From the financial and economic justifications of the law it follows that due to the preservation of benefit, the federal budget will receive less than 51.1 billion rubles in 2027, and in 2028 and 2029 losses will amount to about 100 billion rubles annually, he writes. RIA Novosti.
On January 1, 2026, tax reform entered into force in Russia, affecting almost everyone: from large corporations and small businesses to ordinary citizens. The innovations were aimed at modernizing the tax system. Financial expert, entrepreneur and owner of an accounting firm Irina Kuzukhova told Vechernaya Moskva what has changed for Russians.