The amendment introduced on 8 January 1998 provides that subdivisions of companies which do not have separate balance sheets and settlement (current) accounts should be calculating and paying a proportion of property tax where they are located. The tax payable is calculated by multiplying the property tax rate effective in this location by the value of fixed assets, low value assets and goods used by the division. Property tax payable by the head office is decreased by the amount of tax paid at the location of subdivisions.
The Federal Law # 1-FZ of January 8, 1998 "On amendments to Article 7 of the Law "On property tax"
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Change In The Property Tax Law
