Oct 12, 2020
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Titov offered Mishustin to limit the amount of property taxes

Boris Titov
Boris Titov

Boris Titov, Commissioner for the Protection of the Rights of Entrepreneurs under the President of the Russian Federation, proposed to amend the Tax Code because of the coronavirus pandemic. The Ombudsman appealed to the head of the Cabinet of Ministers Mikhail Mishustin on this matter.

Boris Titov proposed to Prime Minister Mikhail Mishustin to limit the amount of property taxes in 2020 and 2021, which are calculated based on the cadastral value of commercial real estate, - quotes RIA Novosti press service of the Ombudsman.

In most constituent entities of the Russian Federation, the state cadastral appraisal of real estate objects has passed or is under way for tax purposes. According to Titov, it does not take into account that in 2020, due to the pandemic, the profitability of real estate has decreased. In addition to falling incomes, property owners are also forced to bear additional costs to ensure the sanitary and epidemiological regime.

Under these conditions, for many of them, the need to pay property taxes based on the cadastral value can lead to bankruptcy., - says Titov.

He is convinced that changes in the Tax Code can solve the problem. It should be legally approved that the increase in the amount of tax payable in 2020 and 2021 cannot exceed 10% compared to the previous tax period.

Earlier reported that Boris Titov urged the authorities of the constituent entities of the Russian Federation to refrain, if possible, from new restrictions on business. He stressed that against the background of the situation with the coronavirus, "it is impossible to allow the re-closure of the business." Titov noted that in connection with the increase in the number of infected, additional restrictions have already been introduced in eight regions.

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