On December 19, significant changes to property tax regulations were announced, providing new benefits for various organizations starting in 2025. These updates are part of federal laws enacted this year, bringing long-term implications for businesses across Russia. Key Highlights: - The ability for regional laws to set preferential property tax rates of up to 1.6% for railway infrastructure has been made permanent (Federal Law No. 259-FZ). - Organizations focused on renewable energy production will be exempt from property tax on assets associated with solar power plants starting in 2025 (Federal Law No. 362-FZ). - The provision reducing the tax base by the amount of completed capital investments for waterway and airport infrastructure has been extended until 2030. - New exemptions will apply to organizations managing the national electric grid and other key electricity entities for various electrical infrastructure (Federal Law No. 416-FZ). For more updates on tax compliance, follow Global Regulatory Insights. #PropertyTax #RegulatoryUpdates #RenewableEnergy #FinancialServices #Russia
