Tax and accounting insights for Ukraine
24.04.24
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Danylo Hetmantsev: Ukraine's used car trade is improving

The Verkhovna Rada has adopted as a basis the draft law No. 9083 on deregulation and de-shadowing of the used vehicle market. This was announced by the initiator of the draft law, Chairman of the Parliamentary Committee on Finance, Taxation and Customs Policy, MP of the Servant of the People party Danylo Hetmantsev.

"The used car market before the war amounted to 1.7 million cars a year. In 2023, it will be 780 thousand. This year we expect 1.5 million. And only 2.5% of this is sold in white. The state receives an average of UAH 19.8 thousand from the sale of a white car. From the sale of a black car - 0," said the head of the parliamentary committee.

The MP emphasized that there is an obstacle to the work of the white market: the requirement of additional registration of a car for an intermediary with a bunch of unnecessary certificates.

"The abolition of the ridiculous state registration of used cars by a trading organization for itself, even if it buys them as goods for further resale, will be the key to bringing the market out of the shadows, expanding the activities of white car traders and eliminating schemes that cause the budget to lose taxes," explained Danylo Hetmantsev.

Political party "Servant of the People"

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