Abstract:

From 01.01.2015, the tax on property of individuals became regulated by chapter 32 of the Tax Code of the Russian Federation. From this time a new procedure has been established for determining the tax base (based on the cadastral value), according to which tax revenues have increased, but its share in the income structure of the budgets of the Russian Federation budget system still remains insignificant. Cadastral valuation of property of individuals contributes to the growth of the tax burden of the owners, worsens the financial situation of certain categories of individuals. The authors have investigated the current state of taxation of property of individuals, analyzed the role of tax on property of individuals in the income structure of budgets of the Russian Federation budget system for 2013-2017, revealed the most pressing current problems, and proposed economically sound recommendations that increase the value of the tax and contribute to solving identified deficiencies.