Tax on property is returned

Tax on property is returned

The main change: since 2018, companies will again pay a tax on movable property.

Since January 1st, it is necessary to pay property taxes under the new rules. Legislators remove from NK a privilege on movable fixed assets. The right to introduce it on its territory is transferred to the regional authorities.

Now, the Tax Code exempts taxed movable fixed assets, which the company registered on January 1, 2013 (paragraph 25 of the Article 381 of Tax Code). The exception is the fixed assets that the organization received as a result of liquidation, reorganization or from interdependent companies and individuals.

Under the new rules, with movable fixed assets it is necessary to pay tax at the rate of 1.1 percent. Regional authorities can reduce it and introduce incentives. For example, to exempt from tax highly efficient equipment or movable property, from the date of issue of which was no more than three years.

The law can be enacted in both 2017 and 2018. In the latter case, they can introduce new rules retroactively, from January 1st. Laws that improve the position of taxpayers may have retroactive effect (paragraph 4 of the Article 5 of Tax Code).

In the suburbs for 2018-2020 have already introduced a zero rate of tax on movable property (Law of the Moscow Region of 03.10.2017 No. 159/2017-OZ).

China-Russian Business Forum “Global Interactions”

June 27, 2017 The Russian Accountant Company took part in the Business Forum “Global Interactions”, which was held under the aegis of the international program “One Belt – One Way”. Chinese and Russian companies were given the opportunity to present their projects and developments. In Russia, a consulting and service platform has been prepared for work with foreign partners. “Qualitative and effective support of foreign companies is carried out now at a high professional level, including business support throughout the implementation of international projects, export-import transactions” – opening the meeting of the Forum, said the director of the Russian Accountant Alexander Popov

 Also, the wishes of Chinese companies in information and legal assistance, transaction insurance and participation in the settlement of international arbitration disputes are taken into account. Partnership programs of Russian-Chinese cooperation companies are a reliable way for international development of business of small and medium-sized enterprises of the two countries.

Finance Director of the company Russian Accountant Marina Filatova told the forum participants about the specifics of the organization and further business in Russia. The issues of personnel administration, taxation, accounting, as well as other financial and legal aspects of doing business were touched upon.

Russian Accountant in ICSTI

November 29, 2016 Russian Accountant took part in the scientific and practical conference “International Cooperation for Innovation Development”, which was held at the International Center for Scientific and Technical Information (ICSTI) (International Center for Scientific and Technical Information)

The scientific and practical conference was the first event held within the framework of the Partnership Agreement signed in 2016. Top managers of leading enterprises, scientific organizations and state institutions of China, representatives of ICSTI international community from the DPRK, Hungary, Russia, partners from South Korea, France took part in the conference.

Russian Accountant presented a program for adapting foreign business in Russia to the financial, accounting and legal aspects of doing business.
We help Chinese businessmen to start business in Russia and further accompany them according to the profile of our company.