The Russian Ministry of Finance published on 11 December 2013 details of the application of the corporate property tax for immovable property located in Russia and held by a non-resident company, which does not have a permanent establishment in Russia.
A non-resident company which does not have a permanent establishment in Russia, will in principle be subject to corporate property tax if it owns immovable property located in Russia.
The Ministry of Finance pointed out that with effect from 1 January 2014 the corporate property tax base for immovable property belonging to non-resident companies which do not have permanent establishments in Russia will be determined considering their cadastral value.
