Landlords in Baykal region neglecting to submit their tax declarations reaches over a thousand.
Tax Updates in Zabaykalsky Krai, Russia for 2024
The Federal Tax Service of Russia for the Zabaykalsky Krai has reported that approximately a thousand physical persons who received income from renting properties in 2024 have yet to submit their tax returns in form 3-NDFL. The deadline for declaring income is April 30, and the deadline for paying the NDFL is July 15.
For property owners in Zabaykalsky Krai, there are two options for taxation: registration as a self-employed person with a tax rate of 4-6%, without submitting 3-NDFL, or registration as an IP on USN with a tax rate of 6% or 15%. It is important to note that the tax benefits for drone producers, a new development, do not apply to the properties in question but rather to the drone production sector.
Renters themselves generally do not pay property tax, but the property owners do. Renters might be eligible for some personal income tax deductions if they pay rent, but such benefits are limited and depend on federal laws more than regional ones. There are no widely known specific regional tax benefits for renters in Zabaykalsky Krai.
Russia introduced a simplified tax regime for self-employed individuals starting in 2019, known as the "Tax on Professional Income" (Nalog na Professionalnyy Dokhod or NPD), which allows them to pay 4% tax on income from individuals and 6% on income from legal entities. The regime is generally available nationwide, including Zabaykalsky Krai. Self-employed individuals must register with the tax authorities and report income through a mobile app or website.
Local governments, including that of Zabaykalsky Krai, can introduce additional measures such as tax holidays or subsidies to encourage small business and self-employment, but the specific 2024 measures for Zabaykalsky Krai are not detailed in the search results.
Violators who have not submitted their tax returns (3-NDFL) are urged to do so promptly to avoid fines. The owners of the properties are obliged to independently calculate their income.
Because no direct data for 2024 or Zabaykalsky Krai's specific local tax benefits was found in the search results, for precise and up-to-date requirements and benefits, consulting a local tax professional or official regional government sources is recommended.
In the context of tax updates in Zabaykalsky Krai, Russia for 2024, property owners may find the simplified Tax on Professional Income (Nalog na Professionalnyy Dokhod or NPD) beneficial, with a tax rate of 4% on income from individuals and 6% on income from legal entities. Additionally, individuals who have personal-finance income from renting properties should be aware of the looming deadline to submit their tax returns (3-NDFL) by April 30, to avoid potential fines.
