Transport tax 2020. What you need to know? What changes have occurred?
There is not much time left until the deadline for filing a vehicle tax return by a legal entity, which must be completed in 2020. We should start with the law, which was adopted on the basis of bill No. 1210. The new law contains, among other things, information on the payment of transport taxes. What has changed in the payment rules? What innovations have affected legal entities? Read the article.
Perhaps the main innovation that should be mentioned is the extension of the deadline for filing a transport tax return by 1 day. If before that the date of February 19 was considered the deadline, then in 2020 legal entities can submit a declaration until February 20 inclusive. Otherwise, there have been no fundamental changes in the rules for submitting this document.
This year, transport taxes must be paid by both legal entities and individuals who own cars of the “object” type. If the owner is an individual, it is enough to receive a tax calculation and a corresponding notification from the tax office before July 1 of the current reporting year.
Taxation for legal entities
It is worth considering in more detail the situation with the payment of vehicle tax for legal entities. The obligation to pay falls only on the owners of “object” cars. If a legal entity rents a vehicle, then there is no need to pay tax. In this case, it is the responsibility of the owner of the car.
Important! It is passenger cars that fall under taxation. More details about this category of vehicles and the calculation of taxes are set out in Article 1 of the Law “On Road Transport” dated 05.04.2001 No. 2344-III.
Car tax must be paid if you are the owner of a vehicle that meets a number of criteria:
– the year of production of the car is not earlier than 2015;
– the average market price of a car exceeds 375 minimum wages (in 2020 – more than UAH 1,771,125).
To find out the date of production of your vehicle, just look at the technical documentation or the contract that you entered into upon purchase. If the car was produced more than five years ago, the tax on cars in 2020 is not paid for the whole year, but only for the period from January 1 to the date when the car reaches the age of 5 years. That is, if the five-year period from the date of issue is reached in June, you only need to pay the car tax for 6 months (from January to June). Read more in p. 267.6.7 GCC.
As for the average market value, the responsibility for calculating it lies with the Ministry of Economy of Ukraine. For the calculation, the average price is taken as of the beginning of the current year. In this case, such parameters are taken into account as:
– Release date;
– engine volume;
– the type of fuel.
Attention! If your car is an object of taxation, then to independently calculate the approximate cost, it is enough to multiply the established tax rate (UAH 25,000) by the number of similar passenger cars that have been produced over the past five years. As a result, you will get the total annual transport tax amount for 2020.
Taxation for new car owners
If you decide to purchase a car in 2020, the tax is paid from the moment you become the owner of the car, that is, from the month of registration. To calculate the total amount in this case, they are guided by the formula: UAH 25,000. x 12 months x the number of months that the vehicle is in your possession.
The declaration must be submitted within 30 days from the date of registration of ownership of the car (for more details, see clauses 267.6.4, 267.6.6 of the GCC). At the same time, the previous owner is obliged to pay the tax in full before the beginning of the month in which the vehicle was sold.
The declaration is submitted in the old form approved by the Order of the Ministry of Finance dated April 10, 2015 No. 415. The amount of tax must be paid at the place of registration of the car.
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