The Cabinet of Ministers wants to increase the number of cars subject to the luxury tax in Ukraine. The corresponding bill is registered in the Verkhovna Rada.
The government proposes to lower the tax threshold. Previously, it was applied to cars worth 375 minimum wages or more, but now this figure is proposed to be reduced to 200. Since on January 1, 2021, the minimum wage in Ukraine will increase to 6000 hryvnias, this means that cars priced from 1.2 million hryvnias fall under the luxury tax.
The luxury tax in Ukraine remains unchanged – 25 thousand hryvnias per year. It is noteworthy that private airplanes, helicopters, and yachts will still not be covered.