The government has proposed measures to stimulate the demand for domestic automobiles

The government has proposed measures to stimulate the demand for domestic automobiles

RBK – The prime minister Dmitry Medvedev has signed a decree on the introduction of a draft law prepared by the Ministry of Finance to the State Duma, containing amendments to the Tax Code, which, in government’s opinion, should lead to a demand increase for domestic vehicles. The corresponding order has been published on the government website: mos.ru on Tuesday.

As proposed by the project, the taxpayers will be exempt from business property taxes for transport vehicles as of 1 January 2017, in accordance with the Russian legislations on public registration.

The rules will apply to vehicles manufactured after 1 January 2013, taken into account as a result of reorganisation or liquidation of legal entities, as well as the transfers, including the acquisition of assets between persons, recognised interdependently in accordance with the provisions of paragraph 2 of the Tax Code 1051.

The document has been approved by the government, at a meeting on 18 August. During the meeting, Medvedev has stated that the proposed measures will encourage the enterprises and organisations to utilise their car fleets, creating extra demand for home produced automobiles.

“The main condition of eligibility for the aforementioned benefits is that the automobiles or any other form transport vehicles must be manufactured after 1 January 2013. We expect these measures to encourage the enterprises and organisations to utilise their car fleets, creating extra demand for home produced automobiles” – said the prime minister.