Russia Tax Agency Clarifies Conditions for Property Taxation of Land Plots Occupied by Guest Houses

The Russian Federal Tax Service March 12 announced the conditions for property taxation of land plots occupied by guest houses. The announcement includes that: 1) specific tax rates apply to land plots with specified zoning and a registered residential house owned by an individual and used wholly or partially for temporary accommodation in the provision of guest house services; 2) the tax rate on such land plots used in guest house services, or other entrepreneurial activities, is up to 1.5 percent, unless otherwise specified under provisions, or up to 0.3 percent of cadastral value, if not used in entrepreneurial activities; ...