Business in the new fiscal environment: innovations in taxation in 2025

Introduction. The second half of 2024 was marked by a large-scale transformation of the tax code. The innovations affected almost every payer: individuals, entrepreneurs using both the simplified taxation system and the basic one. Changes in tax legislation affected both tax rates and the limits of application of special regimes.

Goal. The study aims to analyze the likely consequences of changes in tax legislation: to highlight positive and controversial points for doing business under new conditions.

Materials and methods. The study includes a comparative description of the taxation mechanism from 2009 to 2024. The following methods were used: monographic, statistical grouping, comparative and subject-object analysis.

Results and discussion. According to preliminary data, tax amendments are estimated at 2.6 trillion rubles of additional federal budget revenues in 2025: an increase in the income tax rate of 1.6 trillion rubles, Additional excise tax revenues when introducing an excise tax on nicotine raw materials and tobacco-free nicotine-containing mixtures for heating – 50 billion rubles, an increase in thresholds for STS, as well as recognition of payers using STS VAT payers – 348 billion rubles, the increase in mineral extraction tax rates for diamond and gold mining is estimated by experts at 2.1 billion rubles.

Conclusion. At a meeting of the State Duma in May 2024, it was proposed to improve the tax system. About a hundred amendments have been made to the Tax Code in mid-2024, which will make it possible to implement the Decrees of the President of the Russian Federation aimed at changing the conditions for business under the new conditions of modern Russia and the world. The Presidential instructions on which the reform is based are designed for the period until 2030. The reform of the tax system will be gradual, with the very first changes coming into force on January 1, 2025. A tax reform is an initiative that is undertaken solely with the intention of improving the efficiency of the tax system and its administration, as well as with the aim of maximizing economic and social benefits that can be easily achieved through an organized tax system.

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