Russian payments market in 2026: How and with what we are meeting the come-back of VAT
In its recent official letter to the Bank of Russia, the Ministry of Finance clarified which payments market transactions are subject to VAT from January 1, 2026, in the context of lifting previous benefits for payment industry participants. We invited Alexey Voylukov, Program Director of the PLUS-Forum, Editor and Member of the PLUS Journal Expert Council, MBA professor of business practice in digital finance at the Presidential Academy (RANEPA), to comment on the release of this long-awaited document (PLUSworld editorial board is in possession of the text of the letter).
In its recent official letter to the Bank of Russia, the Ministry of Finance clarified which payments market transactions are subject to VAT from January 1, 2026, in the context of lifting previous benefits for payment industry participants. We invited Alexey Voylukov, Program Director of the PLUS-Forum, Editor and Member of the PLUS Journal Expert Council, MBA professor of business practice in digital finance at the Presidential Academy (RANEPA), to comment on the release of this long-awaited document (PLUSworld editorial board is in possession of the text of the letter).Journal: PLUS №1-2 (333-334), 2026
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Read in this issue:
- The end of winter 2026. Questions to answer: Legal online casinos? What did the Ural Forum reveal? Are вanks prepared for the AI-agent economy?
- Large industries are implementing generative AI in production processes. The government is not lagging behind.
- Strong AI and digital upgrade of a human as challenges to the financial architecture of the future. Risks, threats, consequences
- Digital identity: the foundation of trust among government, business, and individuals
- Russian payments market in 2026: How and with what we are meeting the come-back of VAT
- Digital ruble – first and foremost, an international project
- Russian counting and sorting machine CashGear 4+ and BVMR1 validator.
- Tatiana Zharkova, Avito: “We don't compete with banks, but create a point of maximum client readiness for them.”
- Cards and accounts blocks in January: in search of hype, or Fear hath a hundred eyes?
- Cybersecurity market outlook 2026: Europe, Russia & CIS, and globally
- Why AI won't replace the basics of cybersecurity
- Ecosystem of the future: Embedded finance in the digital dransformation of the market
- Simple entry points. Fintech attacks – Where do they start from?
- Fraud in fintech: From social engineering to attacks targeting devices
- Technological transformation of the banking sector: Forecast from VTB
- Trends 2025. AI development and process automation fundamentally change the role of the buyer
- From hype to ROI: Where AI is already making money for financial companies
- Russian crypto expectations for 2026. Cross-border operations based on stablecoins?