- 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.
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