NEW PROVISIONS OF THE TAX CODE OF THE RUSSIAN FEDERATION REGARDING PROPERTY TAX

 Taxation of objects by cadastral value

Since 2020, when taxing property based on its cadastral value, it does not matter whether the property is listed on the balance sheet as a fixed asset. The cadastral value tax may be paid in relation to other real estate objects specified in sub. 4 p. 1 art. 378.2 of the Tax Code of the Walsall Accountants. For example, it can be objects of construction in progress, parking lots, single real estate complexes, etc. It all depends on the regional legislation of the Russian Federation (Letter of the Ministry of Finance dated 02.10.2019 No. 03-05-04-01 / 75869).

Declaration and quarterly calculations

Since 2020, quarterly settlements for advance payments have been canceled (Article 386 of the Tax Code of the Russian Federation as amended by Federal Law No. 63-FZ dated April 15, 2019). At the same time, advances are calculated and paid as before: in the amount of one-fourth of the product of the corresponding tax rate and the average value of the property (except for the property specified in paragraphs 1-3 of clause 24 of article 381 of the Tax Code of the Russian Federation) for the reporting period (clause 4 of the article . 382 Tax Code of the Russian Federation).

Starting from reporting for 2020, taxpayers are allowed to submit one tax return to one IFTS for all real estate objects, the tax base for which is determined as the average annual cost of such objects are located on the territory of one constituent entity of the Russian Federation (Federal Law of 15.04.2019 No. 63- FZ). You need to inform the Federal Tax Service Inspectorate about your decision in advance.

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