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The Moscow Mayors Office Decided to Slow Down the Growth of the Property Tax Rate
24.12.2018 22:04
The Moscow Mayors Office Decided to Slow Down the Growth of the Property Tax Rate

The Moscow Mayor’s Office decided to slow down the growth of the property tax rate: in 2019 it will increase by 0.1% - up to 1.6%, as “Kommersant” reports. 

      Initially it was assumed that the rate would rise immediately to 2% next year. Federal legislation establishes the tax rate at this very level, but regional authorities can determine its size within the given value at their own discretion. “The rate increase to 2%, stipulated by the Tax Code, will be smooth, and make up 0.1 percentage points a year”, as Aleksei Nebolsin, a member of the presidium of the Moscow branch of “Opora Rossii” (“Support of Russia”) political party, told to the publication.

      The information supporting the statement that the tax won’t rise to the level of 2% was confirmed by Vice Mayor Vladimir Yefimov, however, he noted that the size of the rate had not yet been established.

      Find more about Russian laws and consult our attorneys.






Author: Anna Dorozhkina

Tags: Russian taxes Russian laws    

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