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A separate chapter on the personal property tax has been introduced to the RF Tax Code.
DATE: January 14, 2015 | AUTHOR: atlawyers
A separate chapter on the personal property tax has been introduced to the RF Tax Code. Starting from 01.01.2015, facilities under construction, separate residential and other buildings will be taxed on the same basis as residential houses. The tax will be calculated based on the cadastral value of the real estate object and constitute from 0,1% to 2% thereof. The tax rates may be reduced or increased by municipal authorities’ acts. Tax benefits will be retained, but they will be granted only to one real estate object of each kind of such objects stipulated in the law.