Source Pravda.Ru

Russia introduces transport tax on luxury vehicles

 

On Friday, July 5th, the State Duma passed the law introducing higher transport tax on vehicles priced more than 3 million rubles (about $100K).

The document provides for the use of the raising factor in calculating the amount of the transport tax. For cars priced from 3 to 5 million rubles, from 2 to 3 years from the date of production, the coefficient makes up 1.1.

For cars priced from 3 to 5 million rubles, that were manufactured from one to three years ago, the raising factor will make up 1.3. The 1.5 coefficient is used for the cars of the same cost, produced not more than 12 months ago.