\u201cMany have slipped into losses because they were unable to choose the right tax regime,\u201d CCI Vice President Elena Dybova told RBC.<\/p>\n
She said the chamber had asked the Federal Tax Service to allow businesses to switch their tax regime before the end of the year.<\/p>\n
\t\tnews \t\t\t\tRussia\u2019s Economy in 2026: More War, Slower Growth and Higher Taxes Under amendments to the Tax Code that took effect on Jan. 1, 2026, companies using Russia\u2019s simplified taxation system (USN) and patent taxation system (PSN) with annual revenue above 20 million rubles ($266,000) became liable for value-added tax (VAT).<\/p>\n Previously, businesses with annual revenue of up to 60 million rubles ($798,000) were exempt from VAT.<\/p>\n At the same time, the government raised VAT from 20% to 22% and scrapped reduced social insurance contribution rates for some businesses.<\/p>\n The Finance Ministry had expected the tax overhaul to generate an additional 200 billion rubles ($2.66 billion) in budget revenue.<\/p>\n Instead, tax collections fell. In January-March, combined tax revenues from businesses and individuals using special tax regimes dropped<\/a> 16% year-on-year to 537.2 billion rubles ($7.14 billion), according to Federal Tax Service data.<\/p>\n \t\tnews \t\t\t\tRussian Businesses Hike Prices in Response to VAT Increase Economic Development Minister Maxim Reshetnikov has previously said conditions in the Russian economy had become more difficult than in recent years, with businesses feeling the strain most acutely because of tax changes, high interest rates and labor shortages.<\/p>\n According to the CSR survey, the main factors holding back business development were weak demand, cited by 37.5% of respondents, rising costs (26.5%) and high borrowing rates (26%).<\/p>\n Around half of respondents (52.5%) said they had no access to credit financing.<\/p>\n Planning horizons have also shortened sharply, with 70% of businesses saying they were making plans for no more than one year ahead.<\/p>\n At the same time, 63.5% of business representatives said they expected the economic situation to worsen over the next year, while another 25% said they expected no change. Only 11.5% said they hoped conditions would improve.<\/p>\n Read this article in Russian at The Moscow Times’ Russian service.<\/a><\/p>\n A Message from The Moscow Times:<\/p>\n Dear readers,<\/p>\n We are facing unprecedented challenges. Russia’s Prosecutor General’s Office has designated The Moscow Times as an “undesirable” organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a “foreign agent.”<\/p>\n These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work “discredits the decisions of the Russian leadership.” We see things differently: we strive to provide accurate, unbiased reporting on Russia.<\/p>\n We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help<\/a>.<\/p>\n Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It’s quick to set up, and every contribution makes a significant impact.<\/p>\n By supporting The Moscow Times, you’re defending open, independent journalism in the face of repression. Thank you for standing with us.<\/p>\n \n\t\t\t\tContinue\n\t\t\t<\/p>\n \t\t\t\t Not ready to support today? \u00d7<\/p>\n \t\tRemind me next month<\/p>\n \n\t\t\tThank you! Your reminder is set.\n\t\t<\/p>\n
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