Russia has enacted Law No.307-FZ naming “Concerning the Use of the Cadastral Value of Real Estate for the Calculation of the Corporate Property Tax Base” that was published on November 6, 2013 and it will apply from January 1, 2014. A non-residential premise used as offices, shops, catering services and it provides consumer services. From January 1, 2014, the cadastral value of real estate will be treated as the tax base for property tax on the following types of property:

  • Without a permanent establishment, any property owned by foreign companies operating in Russia or not allotted by the foreign company to a permanent establishment;
  • Administrative-business centres, shopping centres and premises in such buildings;