The Committee on Finance and Banking, Taxation and Customs Policy recommends that the Parliament should adopt as a basis the bill "To amend the Tax Code of Ukraine regarding improving taxation in the sphere of alienation of transportation means

Information Department
10 September 2012, 13:30

The bill (Reg.No.11122) aims at amending the Tax Code of Ukraine, as well as several legislative acts regarding simplification and cheapening the procedure of alienation and registration of vehicles.

 

The bill suggests:

 

providing the possibility to determine the estimated value of automobiles, motorcycles, mopeds in the process of alienation (purchase, gift, inheritance) by natural persons as based on their mid-market price or assessed value;

 

canceling payment of duties for mandatory state pension insurance during the second and the following registrations of transportation means (reregistration);

 

reducing the size of state fee for notarizing alienation agreements of transportation means from 1% (for the relatives of the purchaser) and 5% (for other people) to 1 and 5 personal exemptions (for relatives and other persons respectively).

 

While considering the bill, people?s deputies noted that several provisions need to be refined by the working group while preparing the bill for the second reading.