EconomyRussia plans higher taxes on passive income and foreign online purchases as budget deficit continues
Russia’s Finance Ministry has submitted a draft 2027 budget and spending plans for 2028 and 2029. The proposal would raise taxes on passive income to 13–22% and impose 22% VAT on cross-border e-commerce purchases. The budget is projected to run deficits of about 2% of GDP in each year, with defense, security, and support for SVO participants and their families identified as strategic priorities.
MMeduza★★★☆☆2026-09-24 14:27Original
Russia plans higher taxes on passive income and foreign online purchases as budget deficit continues