Tuesday, 24 December 2019 12:47

In Minsk in 2020, the coefficients for tax rates on real estate and land will be reduced

In Minsk, established new coefficients to the tax rate on real estate and land. The corresponding decision was accepted today at the session of the Minsk City Council of Deputies, BelTA has learned.

At 2019 god multiplying factors have been taken, depending on economics and planning zones in size 2,2 (I-III zone) - 2,1 (IV-V band). In the 2020 year shall be a single multiplying factor 2.

Reduced rates to the rate of land tax from 1.2 to 1 to pradpryemstva manufacturing industry, from 2.2 to 1 for the branches operating in this sector (in terms of employment under such activities areas).

Budget losses due to the change of approach is projected at about Br28 million.

As the head of the chief of the Financial Department of Minsk City Executive Alexey Afanasyev, the proposal to reduce the tax burden came from the Ministries and agencies of a number of taxpayers for the financial recovery of the real sector organization. Also included in the document specifying the changes in the items relating to the operation of the housing stock.

The right to increase the rate of property tax payers granted a separate category of deputies of local councils on the basis of the norms of the Tax Code. Previous decisions will be invalidated.

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