Property tax

All organizations that have objects of taxation that are on the balance sheet pay property tax. Those organizations that take part in the Olympic Games in Sochi, in the Paralympic Games and are marketing partners of the IOC are exempt from paying property taxes.

The property of the organization, which is located at the location of the enterprise and outside it, is calculated separately. In the course of the year, advance payments are paid equal to ¼ of the product of the average value of the property and the tax rate. All advance payments are paid on the terms, but not later than 30 days after the end of the reporting period, the quarter (April 30, July 30, October 30).

The calculated amount for the year is paid no later than March 30 of the following year, for the expired tax period. Under the tax period is understood as the calendar year. Based on the results of the tax period, the difference between the calculated amount and the amounts of advance payments paid is paid. The tax rate is 2.2%, when the tax on property of legal entities is calculated.

Starting from January 1, 2010 and until January 1, 2025, all capital investments in the modernization and reconstruction of navigable hydroengineering structures, air transport facilities, other than the cosmodrome, which are accounted for in the book value of taxable items, are not taken into account when calculating the property tax. The tax base is taken as a minus of these investments in the tax period.

The property tax is a regional tax and is paid to the regional budget at its location. The taxpayer provides forms of reporting to the tax authorities at the location of the property. Once a year, a declaration of property tax is sent no later than March 30 for the expired tax period and settlements on advance payments. At receipt or retirement of the object of taxation, the accountant makes an adjustment in the calculations for advance payments on certain formulas.

Some organizations have privileges, according to federal laws, but in regions they have the right to expand the list of beneficiaries. Do not pay property tax:

• Religious organizations
• Pharmaceutical enterprises for property used in the production of veterinary drugs, which are used in epidemics and epizootics,
• The organizations of the socio-cultural sphere of activity, the objects of which are used for public health, arts, culture, education, physical culture and sports, social security,
• Organization with regard to space objects,
• Bar Associations and Legal Advice
• Prosthetic-orthopedic enterprises,
• Associations of homeowners,
• Organizations that use the work of disabled people, in which they work more than 50%.
• Organizations that received a charity certificate.

All of the above organizations have the right to benefit, but under certain circumstances they lose it. For example, a society of disabled people, which in the process of production has a numerical list of disabled people less than 50%, when leasing property, in the event that people with disabilities work part-time or under contractual agreements, loses the right to a benefit.

When leasing property is leased, the lessee pays the property tax.

Individual entrepreneurs pay property taxes to individuals.

Interest rates are set by regulations of local government bodies depending on the value of the object of taxation and are from 0.1% to 0.5%.

The property, which is a part of the assets of the investment fund, is paid by the management company of the fund.

The property tax is the main part of the income to the state treasury.