Ukraine has levied customs taxes between 10%-18% to automobiles imported from Russia

Ukraine has levied customs taxes between 10%-18% to automobiles imported from Russia

Interfax – Ukraine has levied custom taxes between 10%-18% to automobiles imported from Russia. The relevant government commission has stated that the tax will remain in force for 5 years. The aforementioned tax has been determined as 17.66% for the products of Sollers Far East, 14.57% for AVTOVAZ and 10.41% for other Russian brands. Vehicles over 8 passenger carrying capacity are excluded from the decision.

As is known, Ukrainian automotive is in a serious crisis at the moment. According to Ukravtoprom data, the production has shrunk 5.3 times within the January-September 2015 period year-on-year, with 5189 vehicles.

According to Ukrainian Institute of Statistics, on the other hand, 938 automobiles have been imported from Russia to Ukraine within January-September 2015. The monetary value of these imports is $6.3 million. The total automobile imports of the country reached 43,280 vehicles within the same period ($560.6 million).