The Russian Tax Code has been amended to exempt legal entities from taxes on their movable property.
Starting from 1 January 2019, movable property will no longer be taxed. Companies will have to pay taxes only on immovable property. Please note that the following are classified as immovable property under the Russian Civil Code:
Items that are not classified as immovable property are deemed to be movable property.
Should you have any questions or require any clarifications, Acsour’s specialists are ready to advise you on tax legislation.