Overview of tax events for September 2014

On 26 September the State Duma adopted Federal Law “On amending articles 12 and 85 of the first section and section two of the Russian Tax Code and invalidating the Law of the Russian Federation “Concerning Taxes on the Property of Physical Persons”. This law deals with renovating and changing tax on the property of individuals so that it is based on the cadastral value of the property. A three-level tax rate has been created. The transitional period for the modified property tax will be five years for all regions including cities of federal importance.

On the same day the State Duma adopted in the second reading amendments to the Russian Criminal Code. These will empower investigative authorities to independently initiate criminal cases regarding tax violations (the draft law was introduced by the Russian President).

Vedomosti 24 September 2014
top.rbc.ru, 26 September 2014

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