Rada removes problems for official car dealers in transactions with used cars
The Verkhovna Rada has removed ambiguous interpretations of the Tax Code regarding transactions made on the used goods market. The measure allows official car dealers to sell used cars, providing they pay VAT only from their margin.
A total of 235 lawmakers backed bill No. 3046-d at first reading and 234 lawmakers supported the document at second reading on Tuesday.
"This is a bill on trade-ins. The philosophy is as follows: if a dealer-who pays VAT acquires a car from an individual who did not pay VAT and then sells the car to another non-payer of VAT, the state requires proof of uniformity – the car is to be made in the same year and its model is to be the same. VAT is paid for the whole sum. The state has received VAT once when a person bought the car and wants to have more VAT paid. The bill proposes collecting [VAT] only from the margin," one of the authors of the measure Robert Horvat said.
Advertising
Advertising
MORE ABOUT
Rada doesn't consider bill on use of English language on Tuesday due to resonance of dubbing norm
20:58, 23.04.2024
Stefanchuk in PACE: Time for condemning Russian aggression passed, time come for united resistance to Russia's terror
19:47, 16.04.2024
Verkhovna Rada allows to partially resume customs inspections from May 1, 2024
20:46, 20.03.2024
European Solidarity demands Stefanchuk to return work of parliament to its legal course – statement
20:11, 13.03.2024
Rada proposes that criminal liability for possession of weapons for self-defense, its unlicensed production replaced by administrative liability – MP Ustinova
15:31, 12.03.2024
LATEST
PM: preferential price for gas extended until end of summer, for electricity until end of spring
17:17, 26.04.2024
Work of Kyivteploenergo blocked due to new searches by law enforcers – company
13:00, 26.04.2024
Almost three-quarters of employers feel shortage of staff, plan to increase wages in 2024 – EBA survey
20:59, 25.04.2024
Metinvest's Pokrovske mine extracts 1.2 mln tonnes of coking coal in Q1, plan for 2024 is 5.35 mln tonnes
20:07, 25.04.2024
Chornomorsk port resumes shipment of agricultural products for export