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Articles with tag "Tax"

Russia Plans Steeper Utility Tariff Hikes in 2026-2028, Outpacing Inflation

Economists warned that tariffs will continue to rise faster than inflation as the government seeks to fund upgrades to aging infrastructure.

Russia Moves to Raise VAT by 2% as Budget Deficit Swells

The proposed increase comes as the Finance Ministry now forecasts GDP growth slowing to 1% this year, down from an earlier 2.5% estimate.
3 Min read

Russia Eyes New Tax Hikes, Spending Cuts to Sustain Record Defense Spending – Reuters

“We simply won’t be able to make ends meet, even with a reduction in defense spending,” an unnamed government source said.
2 Min read

Russia Moves to Allow Tax Debt Collection Without Court Approval

Around 23 million Russians, nearly a quarter of the working-age population, currently owe taxes.
2 Min read

1 in 3 Russians Support Unemployment Tax – State Poll

The proposal, long debated in government circles, comes as Russia contends with a shrinking labor force and rising wartime expenditures.
2 Min read

Russia Moves to Enable Out-of-Court Tax Debt Collection for Millions of Citizens

The procedural shift appears aimed at boosting state revenues as the country grapples with a widening budget deficit and declining tax receipts.
2 Min read

Russia Targets Emigres in Kazakhstan With Back Tax Demands

Thousands of Russians relocated to Kazakhstan and other neighboring countries in 2022 following the invasion of Ukraine.
2 Min read

Russian Police Accuse Dubai-Based Instagram Influencer of Tax Evasion

Influencer Inna Tliashinova, who advertises herself as an “expert on subconsciousness,” owes $5.3 million in back taxes and fines, authorities said...
2 Min read

Putin Signs Law on Cryptocurrency Tax

The new regulations come as Russia seeks new sources of income, and to better regulate its sprawling cryptocurrency industry.
1 Min read

Russia’s Tax Revenue From Occupied Ukrainian Regions Tops 2023 Levels

Russia still plans to continue pouring billions of dollars in subsidies into the regions, according to its draft federal budget.
1 Min read

Russia Is Preparing New Tax Hikes. Here’s Why.

As military spending soars, the Finance Ministry seeks to move away from the flat income tax that was long a cornerstone of Putin’s economic policy.
5 Min read

Russia Probing Widespread Fraud in Mariupol Reconstruction

Dozens of companies in occupied Mariupol have been involved in schemes to avoid paying VAT, The Moscow Times’ Russian service reported.
2 Min read

Kremlin Exempts Duma Deputies Visiting War Zone From Filing Tax Returns

State Duma deputies visiting occupied Ukraine on official business will not have to submit tax returns this year.
1 Min read

Russia Moves to End Tax Deal With 'Unfriendly' Countries

Their statement follows an EU decision this week to add Russia to its tax-haven blacklist. 
1 Min read

EU Adds Russia to Its Tax Haven Blacklist

The European Union added Russia to its tax haven blacklist on Tuesday, the latest in a series of economic and diplomatic measures taken against...
1 Min read

Russia Weighs Wartime Tax Increase – Report

Russia could increase taxes for the first time since the invasion of Ukraine to help plug a hole in the state budget, independent media outlet The Bell...

Kremlin Officials to File Anonymous Tax Returns – Vedomosti

Kremlin officials and Russian cabinet members will file anonymous tax returns, Russia’s Vedomosti business newspaper reported Wednesday, citing unnamed...

Russia Rakes in $1Bln From New Tax on Top Earners

Extra revenues almost 40% higher than expected in first year of new income tax system.

New Tax Scheme Lures 4 Million Russians to Self Employment

Most of the freelancers run taxi, repair and delivery, marketing and real estate services.

Russia Tightens Rules on Offshore Holding Companies

Dozens of Russian companies with Cypriot headquarters will lose access to government support under new rules.
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