Business is asking to create an alternative to the state information system (GIS) for registering real estate lease transactions, the Russian Association for Electronic Communications (RAEC) told Izvestia.
According to the current version of the bill on whitewashing the rental market, GIS should become the only tool for registering such transactions, according to a letter sent by public figures to Deputy Prime Minister Dmitry Chernyshenko. And the emergence of a monopolist on the market may lead to an increase in rental rates, they say in the association.
The bill, which the Ministry of Construction is coordinating with other departments, says that the GIS operator will become a tax agent, but self-employed citizens who rent out apartments are not mentioned, follows from the appeal of the association. This may lead to the fact that the GIS operator will collect the usual personal income tax from landlords at 13%, and self-employed citizens who rent out apartments will not be able to take advantage of the preferential rate of 4%, believes the chief analyst of RAEC Karen Ghazaryan. As a result, real estate rental prices in the Russian Federation can rise by 15-20%, the association said in a letter to the Deputy Prime Minister.
The Ministry of Construction explained to Izvestia that it is planned to select the self-employed mode in the My Tax application and indicate this fact in the GIS, and then the platform will automatically deduct 4% of the income.
The explanatory note to the bill (Izvestia has it) says that “the low collection of taxes on the income of individuals – landlords of residential premises and apartments leads to annual budget losses in the amount of about 162 billion rubles.” The creation of a GIS will allow in 2023–2025 to increase budget revenues through taxes from landlords by 62.8 billion rubles, the document says.
Read more in the exclusive material from Izvestia:
Living dearly: the industry appreciated the rise in rental prices due to the new system of the Ministry of Construction
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
