Election Year Bonanza? Taxes on imports of used cars from the EU would plummet
Monday, June 4, 2018

Election Year Bonanza? Taxes on imports of used cars from the EU would plummet

Election Year Bonanza? Taxes on imports of used cars from the EU would plummet under a proposal by Nina Yuzhanina, head of Rada’s parliamentary committee for tax and customs policy. Backed by the Avto Evro Sila car owners movement, the Poroshenko Bloc deputy calls for a nearly 90% cut in duties on used cars made in 2013 or later, from EUR 2,629 to EUR 300. Cars made between 2005 and 2009 would have their import taxes cut from EUR 3,906 to EUR 750. With anti-diesel, anti-internal combustion engines rules spreading through Northern Europe, a used car market favorable to Ukrainian buyers is shaping up. Already new car sales are stagnant and sales of imported used cars are climbing. With only 202 cars per 1,000 people, Ukraine is a regional pocket of low car ownership. Its neighbors’ rates are: Poland 567, Slovakia 546, Belarus 362, Hungary 345, Russia 324, Romania 305, and Moldova 156.

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