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Double, Triple Vehicle Tax Coming Soon for Luxury Cars
30.03.2013 23:35
Double, Triple Vehicle Tax Coming Soon for Luxury Cars
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The government commission has approved the bill drafted by the Finance Ministry which would see a surge in the vehicle tax for luxury cars.

      If signed into law, the move will force owners of automobiles with a price of over 5 million roubles, or $167,000, pay a double vehicle tax.

      For cars worth 10-15 million roubles, the rate would rise threefold.

      The Ministry of Industry and Trade will be in charge of appraising the value of cars, in line with customs data and the records on previous transactions.


Author: Mikhail Vesely

Tags: Finance Ministry Ministry of Industry and Trade    

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