Changes in VAT rules for resale of used cars

• New rules for VAT calculation when reselling used cars have been implemented.
• The VAT base for reselling cars purchased from individuals is now determined as the difference between the selling price (including VAT) and the purchase price.
• Starting from April 1, 2024, the VAT base for further reselling such cars will be determined as the difference between the selling price (including tax) and the purchase price (including VAT).
• This rule applies when the seller applies the general taxation system at the time of purchasing the car, the last owner of the vehicle is an individual, and the taxpayer received an invoice from the seller with the specified tax amount.

Source: glavkniga.ru

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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