24 December 2008, 09:01
Pursuant to the Bill (Reg. No.3404), submitted by the Cabinet of Ministers of Ukraine, the tax imposed on the owners of vehicles should be transferred from the composition of the national taxes and duties to the structure of local taxes and duties. The local self-government bodies are authorized to add extra coefficients to the legislatively defined tax rates. Moreover, the Bill increases the rate of tax as regards motor cars and vehicles for transportation of at least 10 persons by 3 times. Adoption of the said Bill will secure adequate funding of the construction of motor roads within the scope of preparation for the holding of the final part of the European Football Championship-2012.
The Committee members believe that the Bill "fails to present any calculations or argumentation concerning reasonability of raising rates of tax imposed on the owners or vehicles and other self-propelled machines by exactly three times". The Bill also lacks estimations of socio-economic consequences of adoption of the said proposal.