Bellerage

Tax on Movable Property Payable from the 1st of January 2018

Tax on Movable Property Payable from the 1st of January 2018

Starting from 1 January 2018, tax allowances will be reduced for movable fixed assets purchased after 1 January 2013.

The maximum tax rate will be 1.1% by default; however, regional authorities have the right to make it as low as 0%.

This tax should be paid by legal entities with general taxation system. Regional authorities will also set the deadlines for payments of tax and tax advances.