GlobalAutoTV
Click to watch Dr. Juergen Weber -
Click to watch Dr. Juergen Weber -
euro resources


Need an office in Europe or Eastern Europe? Office suites, meeting rooms, virtual offices, network access




free downloads
EUROPE: "Poland Survey Results: Automobile Dealer Satisfaction" report

EUROPE: "Poland Survey Results: Automobile Dealer Satisfaction" report. 24-page report by Ernst & Young Poland.

proceed to download
eJournals





back to index backEUROtalk March,  2016


Russia: MinPromTorg issues 2016 luxury car tax list

The Russian Federation Ministry of Industry and Trade (MinPromTorg) has issued a list of passenger cars with an average value of RUB 3 million or more that are subject to transport tax with relevant luxury car tax” multipliers in 2016.

Readers will recall that Russia has introduced a so-called luxury tax, which is determined by applying multipliers to the standard transport tax in respect of luxury and relatively new automobiles. Any individual or legal entity to whom a taxable vehicle is registered must pay the transport tax.

A multiplier of 1.1 is applied to cars with an average value of RUB 3-5 million, inclusive, and which are no more than 2-3 years old. The maximum multiplier of 3 applies to cars with an average value of RUB 10-15 million, and which are no more than 10 years old, or to cars with an average value above RUB 15 million and which are no more than 20 years old.

Every year, the MinPromTorg compiles a list of such cars, broken down according to the following price ranges: RUB 3-5 million, RUB 5-10 million, RUB 10-15 million, and more than RUB 15 million. Your car’s purchase price or its fair market value do not have any impact on the application of the luxury tax multipliers.

Altogether, 354 car models have been listed under price range one (RUB 3-5 million), including the BMW 550i xDrive Gran Turismo, Infiniti Q70, and others, while another 238 models are listed under price range two, and 76 under price range three. Meanwhile, only 40 models come under price range four, including certain Aston Martin, Bentley, Bugatti, Ferrari, Lamborghini, Mercedes-Benz, Porsche, and Rolls-Royce models.

If you plan to buy or already own a high-end automobile, we recommend that you review the latest MinPromTorg list (see link above) to assess what your transport tax liability may be for 2016. Please remember that the base tax rates are established by the laws of individual Russian constituent regions depending on the engine capacity as measured in horsepower. For Moscowbased motorists, for example, the Law No. 33 of 9 July 2008 establishes a tax rate of RUB 150 per unit of horsepower for light vehicles with engines of more than 250 HP. Note also that individual taxpayers receive a transport tax invoice by mail while legal entities must file a relevant tax return by 1 February 2017.

Source: PwC Russia
- GAI





previous page

go top
search our site


Loading

EUROtalk

Other articles from the same issue (March,  2016).

Would Brexit damage the British car industry?
play read on

The Automotive Electronics Industry in Germany 2016
play read on

A Foreigner With No Friends: Bo Andersson Pushed From Russia's AvtoVAZ
play read on

Autos: European Market on Stable Footing to Begin 2016 (report)
play read on

Italy overtakes France to become Europe’s third-largest new car market
play read on

3 Major Takeaways From the Geneva Auto Show
play read on

Russia: MinPromTorg issues 2016 luxury car tax list
play read on

What is the European Truck Platooning Challenge?
play read on

EU border controls - the economic impact
play read on

Investment in Central and Eastern Europe
play read on

The Home for Business? Assessing the Competitiveness of the UK
play read on

The Machinery and Equipment Industry in Germany
play read on

UK Economic Outlook - March 2016
play read on

Eurozone boosts industrial production by 2.1%
play read on

Global Economic Crime Survey 2016: The UK
play read on

European logistics aims to navigate choppy waters
play read on

European Commission releases anti-tax-avoidance package – practical takeaways
play read on

New National Living Wage greeted with cautious optimism by UK businesses
play read on

PwC’s 19th Annual Global CEO Survey: Russia
play read on

European Industrial Property Market “Positive For 2016” Says Report
play read on

European Private Equity Outlook 2016
play read on

Doing Business in the Netherlands 2016
play read on

Poland: Grants to support projects related to the development of products and technology (R&D)
play read on

Poland: Ministry of Finance looks closely at transfer pricing
play read on

Seeing risks and managing risks in UK leases
play read on

Belgium: New Retirement Plan Rules Have Immediate Implications for Employers
play read on

How U.S. Employee Benefits Compare To Europe's
play read on

New research framework for German microelectronics
play read on

Germans not travel-weary, but cautious
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120