On December 19, 2013 the EPAM in Moscow hosted a business breakfast on the 2014 new real estate taxation principle. At the event the Firm’s experts discussed the new rules under which the corporate property tax for certain types of real estate items would be based on their cadastral value.

The business breakfast addressed the existing land taxation practice and its eventual impact on the new rules being enforced in January 2014. The lawyers also discussed the practical aspects of the new real estate taxation rules, appraised the latest practice of challenging the cadastral value as applied to the land relations and и the possibility to adopt it to the new property taxation rules.

The meeting was opened by Mark Rovinskiy, Deputy Head of Tax Practice, who presented his report covering the history of adoption of the new real estate taxation rules, their transformation during the law making process, the rules implementation details and the practical issues that may arise after the rules enter in force.

Sergey Kovalev, Partner, spoke on the recent practice of challenging the cadastral value for tax purposes and the means of protection of the taxpayers’ rights in view of the amended procedure for determining the tax base as related to the real estate facilities. In his report Sergey addressed the recent practice of challenging the cadastral value as applied to the land relations and appraised the current legal views.

The business breakfast was attended by representatives of largest domestic and foreign companies.