The term of payment of property taxes can move from December to October

The term of payment of property taxes can move from December to October


MOSCOW, July 18. /TASS/. In the state Duma introduced a bill according to which the deadline for payment of property taxes levied on natural persons (transport, land and property tax), shifted from December 1 to October 1. The document is available in the electronic database of the lower house of Parliament.

Currently, the deadline for payment of property taxes – not later than 1 December of the year following the past tax period.

The deadline affects the balance of regional and local budgets specified in the accompanying materials to the bill. In Russia as a whole, the share of the property tax of physical persons and land tax payable in accordance with the Budget code of the Russian Federation to the budgets of urban and rural settlements, made up in 2015 tax and non-tax revenues of municipalities 19%. The share of the transport tax from physical persons accounts for about 40% of the revenues of the road funds of the consolidated budgets of subjects of the Russian Federation.

“At the same time about 50% of payments for property taxes shall be performed by individuals at the end of November – beginning of December. This leads to uneven filling of road funds, local budgets, as well as absence during the year the necessary funds for the execution of its powers and obligations”, – stated in the explanatory Memorandum.

To improve the financial sustainability of local budgets and road funds of the consolidated budgets of subjects of the Russian Federation the bill proposes to set the deadline for the payment of such taxes not later than 1 October.

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