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Land tax
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Land tax applies to land owners at the rate
determined by the municipal authorities. Land tax is
assessed on the cadastre value of the land, which used to be
substantially lower than its actual market value; however, last
year this difference started to decrease.
•
Land tax rates may not exceed 0.3% of the registered value
of agricultural and residential land. With respect to other land
plots, the maximum rate is 1.5% of the registered value.
•
The Russian Tax Code permits municipal authorities to esta-
blish tax incentives for certain categories of taxpayers.
•
Businesses leasing land are not subject to land tax. Instead,
they are liable for the land lease payments established by fede-
ral, regional or local authorities or other land owners.
Investor Guide to Europe 2014 | 83
