Property tax
All organizations that have taxable items,who are on the balance sheet, pay property tax. Those organizations that take part in the Olympic Games in Sochi, in the Paralympic Games and are marketing partners of the IOC are exempt from paying property taxes.
The property of the organization, which is locatedthe location of the enterprise and beyond it is calculated separately. In the course of the year, advance payments are paid equal to ¼ of the product of the average value of the property and the tax rate. All advance payments are paid on terms, but not later than 30 days after the end of the reporting period, quarter (April 30, July 30, October 30).
The calculated amount for the year is paid no later thanOn March 30, next year, for the expired tax period, the year. For the tax period is understood a calendar year. Based on the results of the tax period, the difference between the calculated amount and the amounts of advance payments paid is paid. The tax rate is 2.2%, when the tax on property of legal entities is calculated.
Starting from January 1, 2010 and until January 1, 2025year, all investments in the modernization and reconstruction of the objects of navigable hydraulic structures, air transport facilities, other than the cosmodrome, which are accounted for in the book value of taxable items, are not taken into account when calculating the property tax. The tax base is taken as a minus of these investments in the tax period.
Property tax is a regional taxand paid to the budget of the region at its location. The taxpayer provides the tax authorities with forms of reporting on the location of the property. Once a year, a declaration of property tax is sent no later than March 30 for the expired tax period and settlements on advance payments. At receipt or retirement of the object of taxation, the accountant makes an adjustment in the calculations for advance payments on certain formulas.
Some organizations have privileges, according to federal laws, but in regions they have the right to expand the list of beneficiaries. Do not pay property tax:
- Religious organizations
- Pharmaceutical enterprises for property used in the production of veterinary drugs, which are used in epidemics and epizootics,
- The organizations of the socio-cultural sphere of activity, whose objects are used for public health, art, culture, education, physical education and sports, social security,
- Organization in relation to space objects,
- Bar Associations and Legal Advice
- Prosthetic-orthopedic enterprises,
- Associations of homeowners,
- Organizations that use the work of disabled people, in which they work more than 50%.
- Organizations that received a charity certificate.
All of the above listed organizations are eligible forBenefit, but under certain circumstances lose it. For example, the disabled society, which has less than 50% of the number of disabled people in the process of production, is losing the right to a privilege when leasing property, when disabled persons work part-time or under contractual agreements.
When leasing property is leased, the property tax is paid by the lessee.
Individual entrepreneurs pay tax on property of individuals.
Interest rates are set by regulations of local government bodies, depending on the value of the object of taxation and are from 0.1% to 0.5%.
The property of the investment fund is paid for by the management company of the fund.
The property tax is the main part of the income to the state treasury.
