Russia weighs tax reform to ease costs for households and businesses
The Russian government is examining changes to the Tax Code aimed at reducing the burden on both people and enterprises, according to reports from RIA News.
“Today, a major amendment package to tax legislation sits on the table. On the President’s instruction, the government will continue cutting regulatory and administrative requirements for citizens and businesses,” stated Russian Prime Minister Mikhail Mishustin.
The proposed reforms include scrapping the practice of zero reporting for small businesses under the simplified regime, lowering taxes on interest earned from long-term deposits, and widening the list of firms eligible for enhanced controls and tax monitoring to shore up protection against compliance risks. These measures are designed to minimize mistakes and improve financial transparency across the economy.
“We hope that these and other steps in the bill will provide relief to residents and firms alike,” Mishustin added.
Earlier mentions in Duma discussions, reported by socialbites.ca, suggested consideration of a shift to a progressive tax system in Russia, with lawmakers weighing the potential effects on personal income tax. The debate reflects concerns about how tax changes might influence disposable income and business activity.
Parliamentary observers have noted that any move toward higher personal taxes could provoke reaction in several sectors, while proponents argue that a more progressive structure could better align contributions with income levels and social programs. The current package signals a broader trend toward administrative simplification and targeted relief for smaller taxpayers, alongside strengthened oversight for larger, high-risk entities.
In parallel, discussions emphasize the need to balance revenue stability with incentives for investment and growth. The government aims to streamline reporting requirements, expand the use of digital tools for tax administration, and ensure that compliance guidelines remain clear and fair for all market participants. The proposed changes are expected to undergo detailed analysis and public consultation before any final enactment, with a focus on minimizing disruption while enhancing economic resilience. [RIA News attribution]