The Russian Federal Tax Service June 13 announced a proposal to increase property taxes for specific real estate projects for 2025, where the cadastral value of each project exceeds 300 million Russian rubles (US$3.3 million). The announcement includes: 1) an increase in the marginal tax rate to 2.5 percent from 2 percent for capital construction projects; and 2) an increase in the maximum value of the land tax rate to 1.5 percent from 0.3 percent for land plots that are intended for housing construction or are occupied by the engineering infrastructure of the housing and communal complex. [Russia, Federal Tax ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.