Date: a month ago   Category: taxes

Ukraine can impose a tax on a car and jewelry


Ukraine can impose a tax on a car and jewelry
The Cabinet of Ministers suggests to impose a tax of 25 thousand hryvnias a year on magnificent cars. The government wants to impose a new tax on jewelry and cars in Ukraine. It was said by the Minister of Finance of Ukraine Natalia Yaresko during submission of the draft of the state budget for 2015. "We impose a new tax on big cars and on jewelry", - Yaresko in Rada has said during the speech. We will note that it is offered to introduce the offer on taxes on cars to the Tax Code which draft is introduced in parliament. So, the Cabinet of Ukraine suggests the Verkhovna Rada to impose in 2015 a tax of 25 thousand hryvnias a year on luxury cars (with the diesel engine more than 2,5 thousand cubic cm and with the petrol engine more than 3 thousand cubic cm and which age doesn't exceed five years). Besides, the draft of the Tax Code for the purpose of compensation of cancellation of charge for the first registration of vehicles suggests to raise duty rates on a car and also to include trucks and buses in the list of excise goods. In addition, the excise tax is offered to be raised again from automobile cars which have been imported as commercial (i.e. not assessed by an excise) and then are converted in automobile. We will remind, on July 31 the Verkhovna Rada of Ukraine has agreed with the offer of the Cabinet to enter temporary, till January 1, 2015, nation-wide 1,5% collecting on the salary fund – "military collecting".

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