Business

Russia to raise VAT as cost of war bites

25.09.2025, 12:57

Putin had pledged, shortly after his inauguration for a fifth term in May 2024, to avoid major tax changes until 2030 — Putin had pledged, shortly after his inauguration for a fifth term in May 2024, to avoid major tax changes until 2030. Photo: PAP/EPA/ALEXANDER KAZAKOV / SPUTNIK / KREMLIN POOL

Last year, VAT made up over 15% of the Russian government’s total revenue.