On 6 March 2019, a draft bill was presented to the State Duma (Lower House of Parliament) proposing to lower the maximum amount of the property tax rate to be taxed at the cadastral value.
According to the bill, the corporation tax rate for real estate will be 1.5% from the current 2%. The tax rate applies to the cadastral value of real estate and varies by region, subject to the maximum amount set. If approved, the new rate will apply for the 2019, 2020 and 2021 periods.
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