Owners of luxury cars transferred 5 million 376.2 thousand UAH of transport tax to the local budget during January – October 2020. At the same time, the projected amount of this payment was exceeded by 22.4% or by 984.2 thousand UAH.
Of the total amount of transport tax revenues, almost 72.5% or 3.879.1 thousand UAH was paid by legal entities. The remaining 1.479.1 thousand UAH was transferred by individuals who own luxury cars.
Reminder! According to current legislation, the transport tax payers are individuals and legal entities, including non-residents, who have their own cars registered in Ukraine (according to the current legislation) not more than 5 years (inclusively) and the average market cost of which exceeds 375 minimum wages set for the 1st of January of tax (reporting) year.
Transport tax is paid at the registration place of a car by individuals within 60 days from the date of delivery of tax notification-decision. As of legal entities, they pay the tax in advance quarterly by the 30th day of month following the reporting quarter, which is reflected in the annual tax declaration.