- The CEO of a company related to Naftogaz is set to become prime minister, following parliamentary acceptance of her resignation after serving in the role for a year.
- The parliamentary body and Naftogaz are involved in a political transition regarding the prime minister.
- Parliament approves bills regarding tax structure while the finance ministry manages the major tax reform process.
Russia proposes windfall tax on commodity producers and raises investor levies
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New informationRepeats or wire copies
What happened
Russia's Finance Ministry proposed a new windfall tax on commodity producers and a sharp increase in the tax on foreign investors as part of the government's draft 2026-2028 budget law. The proposals include a 20% tax on additional income from gold sales and a 30% levy on revenue from certain other metals and fertilizer producers. Furthermore, the dividend tax rate on payments from countries Russia designates as 'unfriendly' increased from 15% to 35%.
From hngn.com
Why it matters
The tax overhaul is part of a broader effort to address a widening budget deficit linked to nearly four years of war spending in Ukraine. The draft budget law is scheduled to be submitted to the State Duma, Russia's lower house of parliament, by September 30.
From hngn.com
Who's involved
- Ministry of Finance and EconomyProposing the tax overhaul and budget law changes
How it developed
Newest first. Tap a step to see who reported it.- Legislative decree reforms regional and local taxes in Tari.Sub-event
- A proposed tax overhaul in Belize threatens workers' livelihoods, announced on August 1st.Sub-event
- The finance ministry published a tax cut in the official gazette today.Sub-event
Ministry proposes tax overhaul affecting citizens1 source