Local budgets received 109.8 million UAH of the transport tax from individuals

Press service of the State Tax Service of Ukraine, published 17 October 2024 at 12:11 Chapter: News

Sub-paragraph 267.2.1 Paragraph 267.2 Article 267 of the Tax Code of Ukraine stipulates that transport taxation object is passenger cars from year of production of which has passed not more than five years (inclusively) and average market cost of which is more than 375 times minimum salary established by the law on January 1 of the tax (reporting) year.

Such cost is determined by the central body of executive power, which ensures formation and implementation of the state policy of economic, social development and trade (hereinafter – Ministry of Economy), according to methodology approved by the Cabinet of Ministers of Ukraine as of January 1 of the tax (reporting) year, based on the brand, model, production year, volume of engine cylinders and fuel type.

Every year, by February 1 of the tax (reporting) year, the Ministry of Economy publishes on its official website list of passenger cars that are not more than five years old (inclusively) and average market cost of which is more than 375 times minimum salary established by the law on January 1 of the tax (reporting) year (hereinafter – List of taxable objects), which must contain the following data regarding these cars: brand, model, production year, volume of engine cylinders and fuel type.

List of taxable objects for the current tax (reporting) year is posted on website of the Ministry of Economy (www.me.gov.ua), which includes 396 models of passenger cars, which are the transport taxation objects in the current tax (reporting) period – 2024.

State tax Service has ensured transport tax revenues from individuals to local budgets in the amount of 109.8 million UAH as of October 14, 2024.