FINES UP TO 170 THOUSAND UAH. HOW WILL EURO PLATES DISAPPEAR – ALL ABOUT INNOVATIONS

On 8 November, the Verkhovna Rada of Ukraine adopted 2 draft laws regarding the so-called euro plates.

The main problem of the laws adopted yesterday was that the formula for calculating the tax rate takes into account not only the engine capacity but also its age. The older the car is, the higher tax must be paid.

For example, if the car was made in 2000, the cost of its “Ukrainization” will be quite high. It will reach 100-150% of the cost of the car. That is, if the car costs 2000 euro, the customs clearance will cost 2000-2500 euro.

A number of new, significant fines are introduced to ensure that paying the fines is not more favourable than the customs clearance of cars that have foreign registration.

Author: Denis Monastyrsky, expert on the program of reforming the law enforcement and judicial systems of the Ukrainian Institute for the Future.

The material was firsly published on the ФактиICTV