Enacted law intended to simplify financial reporting and boost government income through taxes
In a significant move towards modernization, the Russian Federation is implementing a new law aimed at streamlining and improving the real estate registration system, increasing budget revenues, and ensuring the accuracy of data in the Unified State Register of Real Estate (EGRN). The Federal Service for State Registration, Cadastre, and Cartography (Rosreestr) is at the forefront of these reforms.
Key aspects of the law and Rosreestr's role include:
1. **Digitalization and Automation:** The law introduces an automated system for issuing extracts from relevant unified state registers (EGRUL for legal entities, EGRIP for individual entrepreneurs, and EGRN for all taxpayers) upon registration, changes of legal addresses, or other status changes. This transition reduces paperwork, streamlines registration, and improves the timeliness and accuracy of updates to real estate data.
2. **Improving EGRN Accuracy:** By integrating the issuance of extracts with registration processes at Rosreestr, data in the EGRN is continuously and accurately updated. Taxpayers and organizations can request extracts confirming registration or information about real estate and vehicles, which reflects current and reliable data.
3. **Increasing Budget Revenues:** The automation and digitalization of registration reduce administrative burdens and errors, helping tax authorities verify and enforce tax obligations more effectively. Streamlining real estate registration also facilitates more transparent and efficient property taxation, contributing to increased budget revenues.
4. **Rosreestr’s Role:** As the federal agency responsible for state registration, cadastre, and cartography, Rosreestr leads the modernization of the registration system. It developed the draft amendments to federal laws and manages the updated registries and certification processes tied to spatial data and real estate registration accuracy. Rosreestr coordinates software certification and technical standards to ensure secure and reliable information systems underpinning these reforms.
The reform is directly linked to the implementation of the state program "National System of Spatial Data," which aims to achieve 95% completeness and accuracy of EGRN data by 2030. The programme's focus is on interdepartmental cooperation, and the new law is part of a broader effort towards this goal. The development of a single digital platform for accounting for all objects throughout the country is a key component of this initiative.
In conclusion, the new law leverages Rosreestr’s authority and technology modernization to enhance the real estate registration framework, thereby increasing budget revenues through improved tax administration and guaranteeing the reliability of EGRN data by implementing digital extraction and continuous updating mechanisms. This transformative step towards a more efficient and accurate real estate registration system promises to benefit both the Russian government and its citizens.
[1] Rosreestr. (2021). Federal Law No. 355-FZ "On Amendments to Certain Legislative Acts of the Russian Federation to Improve the Real Estate Registration System." Retrieved from
The new law incorporates digitalization and automation in the real estate registration system, harnessing technology to streamline processes and ensure timely and accurate updates. This law falls under the broad umbrella of the National System of Spatial Data state program, which aims for improved interdepartmental cooperation and a more efficient, accurate system for business and financial transactions within the Russian Federation.
