On 6 October 2026, a delegation from the Federal Tax Service of Russia, led by Deputy Head of the Moscow FNS, participated in the International Housing Congress held in Moscow. The congress brought together government officials, developers, financial institutions, and legal experts to discuss current challenges in housing taxation, including VAT treatment of residential construction, property tax incentives for affordable housing, and the impact of cadastral valuation on mortgage lending. The FNS presented statistics on tax revenue from real estate transactions in 2025–2026 and outlined forthcoming amendments to the Tax Code aimed at stimulating the rental housing market through accelerated depreciation and VAT exemptions for long-term lease agreements. The participation underscores the FNS’s role in shaping tax policy that supports national housing goals.
Key Takeaways
- VAT Exemption for Rental Housing: Draft legislation proposes a 10-year VAT exemption for legal entities providing long-term (over 5 years) rental of residential units, effective from 1 January 2027.
- Accelerated Depreciation for Affordable Housing: New fixed assets used for social rental housing may qualify for a depreciation multiplier of 3, reducing profit tax base significantly.
- Data Sharing with Rosreestr: The FNS and Rosreestr are integrating databases to enable real-time tracking of property rights transfers, improving tax control and reducing registration fraud.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement