Overview of tax events for August 2014

President Vladimir Putin of Russia has signed amendments to the law "On valuation activity" which simplify the procedure for challenging the cadastral value of land and other property. The Russian Ministry of Finance plans to calculate property tax depending on the cadastral (market) value of real estate starting next year, rather than based on the inventory valuation (which is the current practice).

izvestia.ru 28 July 2014,
www.kremlin.ru 22 July 2014

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