The Government has submitted to the State Duma a bill providing for an increase in State fees for the registration of a real estate lease agreement in the Unified State Register of Real Estate, as well as other changes.
State duty for individuals will be increased from RUB 2,000 to RUB 4,000 and for legal entities from RUB 22,000 to RUB 44,000. The norm on such state duties will be set forth in a separate subparagraph of the Tax Code. Currently, these duties are regulated by the general norm of the Tax Code of the Russian Federation.
The amount of duty for a number of actions with real estate of mutual investment funds (for registration of ownership rights, transactions, etc.) will change. From 2025, such duty will depend on the cadastral value of the real estate object. If the value of the real estate is 22 million rubles and less, the draft will make the payment 44 thousand rubles instead of 22 thousand rubles.
The bill also provides for an increase in the amount of state duty in the field of arms turnover, in respect of private detective (detective) and security activities, which have not been indexed for more than ten years, as well as the indexation of excise rates on ethyl alcohol, alcohol-containing products, alcoholic beverages with a volume fraction of ethyl alcohol over 18 percent, as well as excise rates on cigarettes, cigarettes in terms of ad valorem component.
It is proposed to extend for 5 years (until 1 January 2030) the possibility of reducing the tax base for corporate property tax, defined as the average annual value of property, by the amount of completed capital investments in the construction, reconstruction or modernization of navigable hydraulic structures being commissioned, reconstructed and or modernized on inland waterways of the Russian Federation, port hydraulic structures, air transport infrastructure structures (except for the centralized system of the electric power grid complex), the establishment of a unified approach to the taxation of certain objects of the electric power grid complex.
In order to establish a unified approach to taxation of certain property of the electric grid complex, it is envisaged to establish a tax exemption for property tax of organizations in respect of power lines, transformer and other substations, distribution points of voltage class up to 35 kV inclusive, as well as equipment designed to ensure electric connections and transmission of electric energy, regardless of the voltage class of this equipment.
It is intended to allow taxpayers to depreciate fixed and intangible assets in respect of which a decision has been made to use the right to apply the federal investment tax deduction (hereinafter – FINV), and to exclude the possibility of applying FINV to those fixed and intangible assets, when forming the initial value of which the relevant expenses are taken into account from January 1, 2025 with the application of a coefficient of 2.
The tax rate for corporate profit tax will be increased from 15 to 20 percent with respect to income in the form of interest on state and municipal securities and circulating bonds of Russian organizations. Taking into account the adopted changes to increase the corporate income tax rate to 25 percent as of January 1, 2025, established by Law No. 176-FZ, the amount of corporate income tax benefit in respect of interest income on state and municipal securities and circulating bonds of Russian organizations will remain at the same level.
The range of rates for potential issuers of bonds as a result of the increase in the tax rate on interest on bonds will not change, and therefore there will be no significant increase in the cost of financing for organizations.
It is envisaged to exempt certain categories of taxpayers applying the simplified taxation system and the taxation system for agricultural producers (unified agricultural tax) from preparing invoices.
The bill proposes changes to the procedure for the application by payers of insurance contributions recognized as small or medium-sized businesses of reduced rates of insurance contributions in the aggregate amount of 15 percent in respect of payments in favor of an individual. The bill proposes to retain the measure on preferential insurance contributions for small and medium-sized businesses, adjusting the conditions for its provision from 1 to 1.5 minimum wages.
If the law is adopted, the amendments will enter into force thirty days after publication.
Author
Dmitriy Kovalev
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