The tax on luxury cars should bind to the price and not the power
The tax on luxury cars will be pegged to the price, not the power. The Finance Ministry has decided to accept the fact that the cost of car more suitable criterion for determining the amount of luxury tax than the capacity of the motor. The office has already sent their views to the government.
Recall that the idea to introduce the so-called luxury tax was born last year. The new collection will be covered, including luxury cars. Since then, specialized agencies determined that it can be attributed to such vehicles. It was originally proposed to link the tax to engine power and bind the luxury tax transport tax - that is powerful and therefore expensive cars, would be subject to transport tax at the higher rate (300 rubles for 1 HP at the power of the motor 410 HP ). The same method was proposed to apply for high performance motorcycles and yachts. This position from the outset adhered to the Ministry of Finance prepared a relevant draft amendments to the Tax code, which was submitted to the government last summer. According to calculations of the Ministry, revenues from the transport tax in this situation could be increased by 3 billion.