If signed into law by President Poroshenko, a bill cutting excise taxes on used cars imports will result in a doubling or tripling of used car imports from the EU, and a 20-40% cut in the new car sales

If signed into law by President Poroshenko, a bill cutting excise taxes on used cars imports will result in a doubling or tripling of used car imports from the EU, and a 20-40% cut in the new car sales, Sergey Borovik, AIS Group Marketing Director, predicts to Interfax-Ukraine. So far this year, 226,000 cars were brought in Ukraine in ‘transit’ or ‘temporary admission’ mode, reports the State Fiscal Service. About half of these have violated their terms of stay. The bill passed Thursday by the Rada cuts import excise duties in an effort to encourage owners to legalize their cars.