Gov’t to improve tax deferral mechanisms 

According to the document, from January 1, 2022, business entities are provided (with the exception of enterprises with a state share of more than 50%, subsoil users and manufacturers of excisable products) the right to defer payment of taxes accrued on property tax and land tax when acquiring property rights to land plots and (or) buildings and structures with a total area of more than 1,000 square meters, for a period of six months.

Wherein:

• the right to defer payment of taxes shall be exercised within three months from the date of state registration of property rights to land plots, buildings and structures without notifying the state tax service bodies and without ensuring the payment (pledge);
• the period of delay in payment of taxes shall be calculated from the date of sending the notification to the state tax service bodies in accordance with the established procedure and shall be paid in equal installments within one year from the date of its expiration together with the accrued interest.

When selling or leasing a land plot and (or) buildings and structures during the period of deferred tax payments, the amount of taxes calculated during the deferral period for property tax and land tax will be charged in full.

In addition, business entities that are part of a group of taxpayers with an increased risk of violating tax legislation will not be provided with a tax deferral.