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The Ministry of Finance announced that there are no plans to additionally impose VAT on banking transactions.

Sazanov: The Ministry of Finance does not plan to additionally impose VAT on banking transactions

Thu, 03/26/2026 - 00:06

Photo: IZVESTIA/Dmitry Korotaev

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The Russian Ministry of Finance currently has no plans to additionally impose value added tax (VAT) on banking transactions. This was announced on March 25 by State Secretary, Deputy Finance Minister Alexei Sazanov.

"The changes that were adopted last year, we are currently monitoring their enforcement this year. At the moment, and further in the fall, we will make decisions on the need for adjustments. At the moment, we are not planning any additional VAT charges on banking operations," TASS quoted him as saying.

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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.