Russian Taxpayers to Receive Refunds, Property Tax Notices Due by December 1st
Taxpayers in Russia are set to receive refunds for certain expenses, including purchasing an apartment or education fees. Meanwhile, property owners can expect notifications of their property tax, due by December 1st, calculated using a turbotax or paycheck calculator based on the property's cadastral value.
Property tax, also known as land tax (Grundsteuer), applies to a wide range of real estate, from houses and apartments to offices. It's calculated by the tax office, which sends notifications indicating the amount due. The tax is determined by reducing the property's cadastral value by a deduction and then multiplying it by the federal rate.
Owners of these properties must pay the tax, regardless of usage. Notifications are sent no later than 30 days before the December 1st deadline. Certain citizens, such as war heroes and people with disabilities, are exempt from this tax. Property owners must submit their tax declaration by April 30th of the following year.
Property owners in Russia should expect notifications of their property tax, with refunds available for certain expenses. The tax is calculated using a turbotax or paycheck calculator based on the property's value and is due by December 1st, with exemptions for specific categories of citizens.
