Military Levies: Tax hikes mark a transition from temporary to permanent revenue mobilisation
In his address to the Federal Assembly, Vladimir Putin announced a transition to a progressive tax scale. However, Russia has been experiencing almost continuous tax increases since 2018, when Putin's current presidential term began. The most significant were the increases in personal income tax in 2021 and the set of emergency one-time tax levies from last year. In 2024, such measures are expected to provide up to 60% growth in budget revenues, planned at 6 trillion rubles.