The Verkhovna Rada of Ukraine adopted the Law "To amend the Tax Code of Ukraine regarding improving taxation in the sphere of alienation of transportation means"
Information Department
02 October 2012, 21:01
The law 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 law stipulates:
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;
cancelling payment of duties for mandatory state pension insurance during the second and the following registrations of transportation means (re-registration);
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).
The respective bill was registered under No. 11122.