Cars in Ukraine can be significantly cheaper from January 1 — media

In the Verkhovna Rada the bill No. 5401, which provides for the abolition of VAT from January 1, 2017 — as a result of a lot of products, including cars will drop by 20%.

This writes the «Autocentre».

As noted, the bill No. 5401 «On the abolition of Ukraine’s value added tax» was registered in the Verkhovna Rada on 16 November 2016, and on November 21-22 sent to the relevant committees.

«The abolition of VAT will be able to fight corruption and make a lot of goods, in particular cars, cheaper for the consumer by 20%. The initiators of the bill in the explanatory Memorandum lead to the shocking facts. Revenues from VAT all the time decrease, compared to the amounts of compensation. This tax encourages corruption of controlling bodies», — stated in the message.

The note indicated that the size of the so-called «kickbacks» in the period from 2010 to 2015 reached 60% of the amount of VAT refund.

«As a result, about 70% of the country’s economy is in shadow because of the imperfection of the tax system», — writes the edition.

For example, countries such as the USA, Hungary, Finland, Czech Republic have a zero rate of VAT. In Switzerland, it is just 2.6–8% in Japan, Singapore, Taiwan, Malaysia, from 3 to 6%.

The bill proposes to abolish as from 1 January 2017, the value-added tax in Ukraine, as discriminatory and corrupt. As a result, consumer market, in particular the car market will receive a powerful impetus to the development.

Earlier it was reported about the boom of demand in Ukraine for used cars. In Association «Ukravtoprom» I assure you that in just a month the number of «second-hand», which first went on record in the interior Ministry, has increased in 10 times. And that means only one thing: the Ukrainian car market began to actively fill with cars.

Cars in Ukraine can be significantly cheaper from January 1 — media 25.11.2016

Ноябрь 25th, 2016 by
36 queries