Tax and accounting insights for Ukraine
28.03.24
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Some luxury cars are exempt from taxation

In 2024, not all owners of luxury cars in Ukraine will pay the transport tax of UAH 25 thousand.

In accordance with Article 267 of the Tax Code, the Ministry of Economy annually publishes such a list on its website (compiled by the state enterprise Derzhzovnishinform).

In 2024, 230 models of 13 brands of passenger cars under 5 years old and worth more than UAH 2.66 million (Aston Martin, Audi, Bentley, BMW, Cadillac, Jaguar, Land Rover, Lexus, Maserati, Mercedes, Porsche, Rivian, and Tesla) are subject to taxation.

However, new Rolls-Royce, Ferrari, Lamborghini, Infiniti QX80, Volvo XC90, and Volkswagen Touareg can be seen on Ukrainian roads (especially in Kyiv).

They are not on the list of the Ministry of Economy. And the names of some luxury cars on the list are misspelled, which also excludes them from taxation.

This is a manifestation of incompetence and unprofessionalism by the Ministry of Economy with the silent position of the Ministry of Finance and the State Tax Service.

Nina Yuzhanina, MP

Buhgalter 911 notes that the content of the author's materials may not coincide with the policy and opinion of the editorial team. The authors of the published materials include not only representatives of the editorial team.

The information presented in a particular publication reflects the position of the author. The editorial team does not interfere with the author's materials, does not edit the texts, and is therefore not responsible for their content.

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