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Search event

Will Russia reduce its tax burden after raising VAT?

67%
33%

Speaking during a televised Q&A, President Vladimir Putin said the government’s long-term goal is to lower the overall tax burden, even as authorities move ahead with a VAT increase to 22% to boost budget revenues. The statement revives debate over whether the higher tax is a temporary fiscal measure or a lasting shift in Russia’s tax policy, especially amid rising spending needs and economic pressure.

Economics
Finance

Conditions

Resolves “Yes” if, by December 31, 2026, Russian authorities officially adopt and enact tax measures that reduce the overall tax burden (such as lowering VAT, cutting major federal taxes, or introducing broad tax relief), as confirmed by federal law, government decrees, or reporting from major outlets (RBC, Kommersant, TASS, Reuters). Otherwise — No.

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