Russian govt approves amendments for second reading of budget package

Résumé détaillé

MOSCOW. Nov 12 (Interfax) - The Russian government on Thursday approved amendments for the second reading of the draft Law on the Federal Budget for 2027 and 2028-2029 Planning…

MOSCOW. Nov 12 (Interfax) - The Russian government on Thursday approved amendments for the second reading of the draft Law on the Federal Budget for 2027 and 2028-2029 Planning Period, the Finance Ministry's press service said.

The government also approved amendments for the second reading of other bills within the budget package, including a bill on specific aspects of federal budget execution, as well as amendments to the Budget and Tax codes.

Russian Deputy Prime Minister and Minister of Finance Anton Siluanov was quoted as saying that the amendments to the tax bill reflected proposals from the business community, relevant government agencies and regions, and also provide for the execution of presidential and governmental directives.

They allow entities to retain their status as agricultural producers for the 2026-2028 period, provided they meet the criteria for such status based on their 2025 performance.

Regarding the windfall tax, the method for calculating this has been adjusted to reflect losses incurred during the extraction and recovery of mineral components from ore.

As part of the so-called "whitening" or initiative to increase transparency in the economy, the introduction of tax oversight for pricing goods imported from Eurasian Economic Union (EAEU) member states is being proposed.

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