State Duma approves 2026 Tax Code amendments, including changes to VAT, a technological levy, and loss set-off rules.
Russia’s State Duma has approved amendments to the Tax Code introducing key tax measures for 2026. Draft Law No. 1026190-8 passed its third and final reading on 20 November 2025.
Under the changes, the standard VAT rate rises from 20% to 22%. The VAT threshold for simplified tax regime taxpayers will gradually be lowered from RUB 60 million to RUB 10 million. The reduced VAT of 10% on essential goods such as food, medicines, and children’s products will remain unchanged.
A technological levy will be introduced for importers and manufacturers of products with electronic components from 1 September 2026, with the government determining the levy and applicable product list.
Additionally, the 50% limit on the set-off of ordinary losses will be extended until 2030.
The proposed tax code amendments will take effect on 1 January 2026.
Earlier, the Ministry of Finance submitted a series of draft laws to the government on 24 September 2025, which include amendments to the 2025 budget law, the draft federal budget for 2026, and the planning period of 2027 and 2028, as well as draft laws introducing specific changes to the budget and tax codes.
