# Russia’s beauty industry sees wave of business closures as tax burden grows

https://mins.news/en/item/28195

- Meduza, 2026-08-21 09:33 UTC
- Economy
- Original: https://meduza.io/en/news/2026/08/21/russia-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.