Russia and Belarus move towards unified tax space
The initiative is a key driver behind growing trade volumes
Russia and Belarus have reaffirmed their commitment to deepening economic integration by taking concrete steps toward establishing a unified tax space.
This development follows the deployment and audit of the Integrated System for the Administration of Indirect Taxes, jointly developed by the tax authorities of both countries. This is reported by the official website of the Ministry of Economic Development of the Russian Federation.
According to Russia’s Deputy Minister of Economic Development, Dmitry Volvach, the system ensures seamless exchange of VAT-related information between the two nations, significantly reducing administrative burdens for compliant businesses and eliminating the risk of double taxation.
The initiative, he noted, is a key driver behind growing trade volumes. In 2024, bilateral trade reached a record US$56.6 billion, a 5.7 per cent increase over the previous year. In the first quarter of 2025 alone, trade rose by a further 2.9 per cent.
The next meeting of the committee is scheduled for the third quarter of 2025.
Photo: iStock
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Xi JinpingPresident of the People’s Republic of China"The foundation of our bilateral relations will only grow stronger, and we will confidently move forward to a better future. […] The striving of nations on our planet for peace, development, cooperation and mutual benefit remains unchanged. The vital mission of the Shanghai Cooperation Organisation is to maintain stability and promote the development of our region" -
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Joao Paulo CapobiancoBrazilian Minister of the Environment and Climate Change"The BRICS countries have a very high level of responsibility because they share an important part of the world's biodiversity, landscapes, populations, food production and water resources. So, we have an opportunity to lead by example. We have our development bank, which can demonstrate and develop new ways of financing programmes. We can reduce the risks for private capital to invest in restoration and efforts to combat desertification"
