How will the corporate property tax change in 2022?

In 2022, a number of changes regarding the taxation of property of organizations will come into force. The changes affected all three property taxes: transport, land and corporate property.
The main change relates to transport and land taxes for organizations. Starting next year, an unclaimed procedure for granting tax benefits will be introduced on the basis of information received by the tax authority in accordance with the law.

Also, an important change will be that the tax declaration will not include objects, the tax base for which is determined as their cadastral property.

Given this innovation, three tax control algorithms will be applied.

Another change concerns the deadlines for paying property taxes of organizations - from 2022, the tax will need to be paid no later than March 1 of the year following the expired tax period, and advance payments - no later than the last day of the month following the expired reporting period (clause 1 of Article 383 of the Tax Code of the Russian Federation).

Another important change will affect property that has ceased to exist due to loss or destruction. Calculation of tax on such property will be terminated from the first day of its death or destruction.

The amendments are formalized by Federal Law No. 305-ФЗ dated July 2, 2021, most of them will come into force in January 2022.

In order to bring all the documentation in line with the new legal requirements and avoid violating the new requirements, we recommend that you contact the experts.

Specialists of the law firm "PARITET" and "PARITET Audit" are professionals in their field. We are ready to provide you with a wide range of services to support your business - from a classic consultation on a matter of interest to you to full support in court. The extensive experience of our employees will ensure guaranteed, timely and high-quality service.

By choosing us as your business support partner, you will make a good contribution to the development of your company.