Russia's VAT Phase-In Plan: A Blow to Small Businesses
Published on: Nov. 6, 2025, 10:37 p.m. | Source: Devdiscourse
Russia has revised its plan to lower VAT thresholds for small businesses after backlash. New thresholds start in 2026, with gradual decreases through 2028 to support military funding. Critics warn it increases pressure on businesses, risking closures and job losses in a significant GDP sector.
