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The owners of most luxury cars will pay a higher transport tax

May 22, 2013, 12:30 UTC+3
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On Tuesday, the State Duma approved the first reading of the bill for a higher transport tax for the owners of expensive cars. Now the owners of the cars that cost more than five million roubles will have to pay. It was stated then the Russian Cabinet will submit in the State Duma a bill over a higher taxation for the owners of luxurious houses and big land plots soon.

The Russian Finance Ministry speeded up the drafting of this bill after the annual presidential state-of-the-nation address to the Federal Assembly, the Moskovsky Komsomolets daily reported. Then Vladimir Putin recalled to the government about the need in the first half of 2013 “to fulfil essential decisions on the so-called luxury tax, including expensive cars.” The Finance Ministry fulfilled the task of the president. The double transport tax rate will be levied from the cars at the average cost from five to ten million roubles, since the year of the production of which more than five years passed. The triple tax rate will be also levied from the owners of the cars that cost more than 15 million roubles and from the year of production of which more than 20 years passed.

The cost of the car, which will be considered, is set by the car owners or sellers, and the Russian Ministry of Industry and Trade, the Rossiiskaya Gazeta daily reported. For the taxation authorities and the taxpayers, which have luxurious cars, to be informed what payments on the transport tax they should make, the bill envisages that the list of cars at the average cost from five million roubles annually, before March 1 of the calendar year, will be posted at the official website of the Russian Ministry of Industry and Trade.

“Soon the government will make the proposals, which concern expensive real estate, big land plots, where a higher taxation will take place as well,” Russian Deputy Finance Minister Sergei Shatalov said.

Meanwhile, the Finance Ministry proposes to levy the taxes on the incomes from the real estate sale, the Novye Izvestia daily noted. The exception can be made, if a person has one housing and inexpensive countryside houses, Shatalov said.

Minister of Economic Development Andrei Belousov also dwelt on the real estate tax on Tuesday. In his words, a massive overestimation of real estate entities will not be made before the introduction of a new tax in Russia, because it requires major monetary funds. Meanwhile, with the current condition of audit activities no one guarantees that the quality will be much better, the minister noted. Meanwhile, the minister noted that the assessment will have to be specified after all in several regions.


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