List of Cars Subject to ‘Luxury Tax’ Replenished With 5 Brands

The Ministry of Industry and Trade of Russia has expanded the list of cars that are subject to “luxury tax”. The list of cars costing from 3 to 5 million rubles in 2020 included models of the Chrysler, Honda, Jeep, Mazda, and Subaru brands. 

The transport tax on cars with a value of 3 to 5 million rubles is calculated with a coefficient of 1.5. Moreover, for cars aged 1-2 years, it is calculated with a multiplying factor of 1.3, and for two-three-year-olds, with a minimum of 1.1. Owners of cars with a price of 5 to 10 million rubles and 5 years of age must pay double tax, 10-15 million rubles and 10–20 years of triple tax.

The list of cars to be used in the next tax period of 2020 was published on the website of the Ministry of Industry and Trade on February 28. This year, the list of cars in the category from 3 to 5 million rubles increased by 54 points compared to 2019, amounting to 632 cars. It includes Chrysler, Honda, Jeep, Mazda, Subaru brands, RIA News reports.

Ru-Main, 28.02.2020

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