Tax Exemptions for Property Transfer to TOR Management Companies: Proposed Amendments

• A bill has been introduced in the State Duma to provide tax benefits to managing companies in territories of advanced development and their subsidiaries
• The bill proposes exempting the transfer of property on a gratuitous basis from VAT and profit tax
• The changes are expected to come into effect one month after the official publication of the law
• The bill aims to prevent the need for increased funding due to VAT when receiving property from state or municipal ownership
• The bill can be viewed on the official website of the State Duma

Source: garant.ru

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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