- From April 1, VAT on the resale of used cars and motorcycles will be calculated based on the price difference
- Changes in the calculation of VAT on the resale of vehicles purchased from individuals will come into effect on April 1, 2024
- The tax base for VAT when reselling vehicles bought from individuals is the difference between the selling price and the purchase price
- This rule will now apply to all sellers in the chain of used vehicle resale
- Certain conditions must be met for the tax base to be determined based on the price difference
- VAT charged to buyers when purchasing vehicles with the tax base determined based on the price difference is not deductible
- Tags: state control, VAT, import substitution, profit tax, taxes, insurance, transportation, etc.
Source: garant.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.
Latest Posts in "Russia"
- Russia Proposes 2026 Tax Relief and Flexible Rules to Support SME Transition
- Russian Finance Ministry Explains New VAT Rate Impact on Lease Accounting Under IFRS
- Catering Businesses to Be Exempt from VAT Starting April 1 Under New Tax Law Amendments
- Are Educational Services Provided by Medical Institutions Subject to VAT?
- New VAT Return Form and Rates for Q1 2026: Updated Requirements and Control Ratios
