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Amur Region to reduce tax burden on small and medium-sized businesses - EastRussia | Far East

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Amur Region to reduce tax burden on small and medium-sized businesses

Amur Region to reduce tax burden on small and medium-sized businesses
Photo: pixabay.com

In the Amur Region, in 2020, they intend to maintain a low tax rate on the property of small and medium-sized businesses. The corresponding bill was adopted at the local level this fall.

According to the regional government, the law establishes a tax rate of 1%. It applies to real estate, where tax calculation comes from the cadastral value. It includes the premises of shopping centers, office buildings, office premises, shopping facilities, catering and consumer services.

The bill is designed to reduce the tax burden during the "transition period". It enables entrepreneurs who do not agree with the cadastral valuation of property to re-evaluate it. The previous version of the law provided for a tax rate of 2%.