EconomyRussia’s beauty industry sees wave of business closures as tax burden grows
Business closures in Russia’s beauty services sector rose 52.5% year on year to 12,300 from January through July, while new registrations fell 16.1% to 13,000, according to Kontur.Focus data prepared for Kommersant. Industry figures link the downturn to higher tax and administrative burdens after changes to VAT thresholds and rates.
MMeduza★★★☆☆2026-08-21 09:33Original
Russia’s beauty industry sees wave of business closures as tax burden grows