Media & Resources

Russian Economic Development Ministry is preparing a Bill which will close loophole for abuse of land plots preferential taxation by developers.

DATE: February 5, 2016 | AUTHOR: atlawyers

Russian Economic Development Ministry is preparing a Bill which will close loophole for abuse of land plots preferential taxation by developers. Currently developers often extend this term by schemes involving sale of land to affiliates or registration of auxiliary structures built on it. In these cases, under current rules, the preferential taxation term is renewed. At the same time the Bill extends said term from 3 to 5 years. It is expected that the amendment to Art. 396 of the RF Tax Code will come into force on 01.01.2017.

Posted in News

Comments are closed.

PRINT PAGE