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Government approves tax deferral for landlords

Government approves tax deferral for landlords
Photo: pixabay.com

Landlords in Russia will be able to receive a deferment in the payment of certain taxes and advance payments on them. I signed a decree on this 
Acting Prime Minister Andrey Belousov.

As noted in the document, property owners who have provided their tenants with a grace period for payments will themselves receive a grace period for some taxes. According to the conditions of the federal authorities, the lessor must be the owner of the real estate, and his main type of activity must comply with the OKVED code 68.2 "Rent and management of own or leased real estate".

The exemptions do not apply to VAT, mineral extraction tax, excise taxes and insurance premiums. Federal authorities believe that such a measure will support participants in the rental market, suffering losses due to coronavirus.
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