A person bought an expensive car: is it necessary to pay transport tax
The Tax Code of Ukraine defines that transport tax is paid by owners of certain passenger cars that simultaneously meet two criteria. This was reminded by the Main Department of the State Tax Service in Kyiv region.
According to subparagraph 267.2.1 of paragraph 267.2 of article 267 of the Tax Code of Ukraine (hereinafter - TCU), the object of taxation is passenger cars:
- whose year of manufacture is no more than five years ago (inclusive);
- whose average market value exceeds 375 times the minimum wage established as of January 1 of the reporting year (375 × 8,000 UAH = 3,000,000 UAH).
The list of such cars is published annually by February 1 on the official website of the central executive authority responsible for forming state economic development policy.
The transport tax rate is established by paragraph 267.4 of article 267 of the TCU and amounts to 25,000 hryvnias per year for each car that is subject to taxation.
Individuals do not need to calculate the tax amount themselves. According to subparagraph 267.6.1 of paragraph 267.6 of article 267 of the TCU, the calculation is carried out by the controlling authority at the place of registration of the vehicle owner.
The tax notice-decision with the tax amount and payment details is sent to the taxpayer by July 1 of the current year according to subparagraph 267.6.2 of paragraph 267.6 of article 267 of the TCU.
"If the car is purchased during the year, the tax is paid starting from the month in which the ownership right to the vehicle arose. After receiving information about the vehicle registration, the controlling authority forms and sends the new owner the tax notice-decision.
Therefore, if you bought a premium-class car or a new expensive vehicle, it is worth checking whether it is included in the list of cars subject to transport tax. This will allow you to anticipate future expenses and avoid misunderstandings after receiving the tax notice-decision," the tax service emphasized.
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