Russia's State Duma (lower house of parliament) is currently considering Bill No. 757476-7, which would provide for a temporary reduction in the maximum property tax rate on immovable property from 2.0% to 0.5% for taxpayers under the special tax regimes provided for in Chapter 26.2 (Simplified Tax System) and Chapter 26.3 (Lump Sum Tax for Certain Activities) of the Tax Code. The rate applies on the cadastral value of properties and varies by region, subject to the set maximum.
If approve…