Review of new regional measures of tax support of owners of commercial real estate

We continue to monitor the news concerning the adoption of benefits in Russian regions with respect to property taxes for owners of real estate who are landlords. We are happy to note that the number of regions that have established benefits for regions has increased.

Please find below an overview table as at 5 June 2020.

General statistics as at 5 June 2020 are as follows:

No benefits introduced by 53 regions

Grants introduced by 1 region (Moscow)

Tax benefits introduced by 27 regions

Deadlines for payment of property taxes have been extended by 3 regions

Deadlines extended and benefits introduced by 1 region (Ryazan Region).