To support the Russian used car market in Russia, it is planned to introduce the abolition of double VAT. The measure will apply to sales of used cars between showrooms. The draft law proposes that when reselling used cars and motorcycles ( including legal entities) to levy a tax on “the difference between the sale price and the purchase price, including tax.”. At the moment, such a mechanism only works when a dealer resells a used car to an individual.
Sources:
Latest Posts in "Russia"
- Russia plans zero VAT for educational children’s books
- New Executive Order waives Russian sanctions and tariffs under Graham Act
- VAT Treatment for a Budget Institution When a Contract Is Invalidated
- Russia Plans VAT Relief for Anti-Drone Defense Purchases
- Russia Raises Import Duties on Selected Machinery and Equipment from 2027
