The State Duma voted in favor of a 22% VAT on online purchases: the Ministry of Finance guarantees that prices will not rise On October 29, the State Duma adopted in first reading a bill introducing a 22% VAT on cross-border online trade products. The new rate is planned to apply starting January 1, 2027, including for purchases worth up to 200 euros, which are currently exempt from customs duty. Secretary of State - Deputy Minister of Finance Alexey Szanov said that the Ministry of Finance does not expect prices to rise after the introduction of the tax. According to him, the tariff will equalize the conditions for Russian stores and foreign sellers. "Now we already have a general VAT rate of 22% in every store in traditional retail; The same products that are sold online are sold in stores, and a 22% VAT is already paid on them. Accordingly, when we introduce a VAT rate of 22% on online trade products, it compares the terms of trade according to the channels. Therefore, we do not expect any increase in prices," said Seznov at the State Duma plenary meeting. VAT will be transferred by e-commerce platforms as tax agents. The Ministry of Finance explains the initiative as a desire to level the trading conditions in the local market and bring the economy out of the shadows. The bill has only passed the first reading so far. The Ministry of Finance does not expect a price increase. what about you Ostashko! Important at TG We're Max - read the news without interruptions and a VPN.

The State Duma voted in favor of a 22% VAT on online purchases: the Ministry of Finance guarantees that prices will not rise On October 29, the State Duma adopted in first reading a bill introducing a 22% VAT on cross-border online trade products. The new rate is planned to apply starting January 1, 2027, including for purchases worth up to 200 euros, which are currently exempt from customs duty. Secretary of State - Deputy Minister of Finance Alexey Szanov said that the Ministry of Finance does not expect prices to rise after the introduction of the tax. According to him, the tariff will equalize the conditions for Russian stores and foreign sellers. "Now we already have a general VAT rate of 22% in every store in traditional retail; The same products that are sold online are sold in stores, and a 22% VAT is already paid on them. Accordingly, when we introduce a VAT rate of 22% on online trade products, it compares the terms of trade according to the channels. Therefore, we do not expect any increase in prices," said Seznov at the State Duma plenary meeting. VAT will be transferred by e-commerce platforms as tax agents. The Ministry of Finance explains the initiative as a desire to level the trading conditions in the local market and bring the economy out of the shadows. The bill has only passed the first reading so far. The Ministry of Finance does not expect a price increase. what about you Ostashko! Important at TG We're Max - read the news without interruptions and a VPN.