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Siluanov assessed the impact of the VAT revision on inflation

Siluanov: changing VAT to 22% will increase inflation by 1%

Mon, 10/06/2025 - 13:55

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The Russian Ministry of Finance estimates the impact of the increase in value added tax (VAT) on inflation of about 1%, which is taken into account in the forecasts of indexation of salaries and social benefits. This was announced on October 6 by the head of the Ministry of Finance of the Russian Federation Anton Siluanov.

Starting in 2026, the agency proposed to change the VAT level from the current 20% to 22%, while maintaining a preferential rate of 10% for all socially important goods.

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Registered by the Federal Service for Supervision of Communications, Information Technology and Mass Communications. Certificates of registration Certificate of registration: EL № FS 77 - 76208 dated July 8, 2019. , Certificate of registration: EL № FS 77 - 72003 dated December 26, 2017.