The Parliament of Ukraine Reduces Excise Tax on Cars with EU License Numbers

November 12, 2018
The Parliament of Ukraine Reduces Excise Tax on Cars with EU License Numbers

The law was adopted by the Verkhovna Rada of Ukraine on November 8, 2018. From now on the base rates of excise tax will constitute 50 euros for gasoline vehicles as well as 75 euros for diesel cars. To calculate the full cost of the excise duty the above-mentioned price needs to be multiplied by engine volume (defined in liters) and by the car’s age (defined in years). VAT, entry fee and Pension Fund fee must be paid additionally. But the overall sum will be less than the current one. In addition, the owners of cars with foreign license numbers may opt for customs clearance at half price during 90 days. This will allow to solve the problem of such illegal cars.

Adapted from Ekonomichna Pravda

Photo credit — Radio Liberty

Opinion
Poll
Have
your say