As you know, in 2013 Ukraine imposed an excise tax on the converted cars, writes the information legally website “I and law”. This decision led to the following negative consequences:
Therefore, to increase revenues to the State and local budgets in the Parliament registered the draft Law No. 6219 dated 22.03.2017 “On amendments to the Tax code of Ukraine (concerning the abolition of taxation excise tax operations for the conversion of vehicles)”.
The document provides for the exemption of excise tax operations on re-equipment imported into the customs territory of Ukraine vehicles into excisable car.
Implementation of the bill will lead to ensuring the stable operation of enterprises of small and medium-sized businesses that spetsializiruyutsya on the retrofitting of trucks in the automobile and related manufacturing, will increase payment of taxes to local budgets.