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Russian Parliament Considering Property and Land Tax Exemption During Restrictive Measures

|Proposed Changes|Russia
Russia

The Russian parliament is considering draft Bill No. 1217650-7, which provides for the introduction of a property and land tax exemption in the event that restrictive and other (lockdown) measures are implemented. In particular, the draft provides that if such measures are implemented in a Russian region (territory) aimed at suspending (restricting) the activities of organizations in the respective region, the property and land tax rates would be set at 0% for the period of validity of such …

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