Sale of Trucks and Buses: Under What Conditions Should Taxes Be Paid?

According to hvylya.net: Tax rates depend on the number of transactions. For the first two transactions, a tax of 5% and a military levy of 5% of the estimated value are charged. Starting from the third transaction, the tax increases to 18%, while the military levy remains at 5%. An exception is made for military personnel, for whom the military levy rate is 1.5%.

The Main Service Center of the Ministry of Internal Affairs reminded about the importance of paying taxes by owners of large vehicles during a sale. Even in the case of the first sale in the current year, taxes must be paid for each transaction.

Estimated Value of the Vehicle Before Sale

Before concluding a sales contract, it is mandatory to conduct an estimated value of the vehicle. The results of the assessment affect the amount of taxes that need to be paid.

Where to Conduct the Vehicle Assessment. The assessment of the vehicle's value is carried out by subjects of appraisal activity with appropriate authority. Information about them is available on the official websites of the State Property Fund of Ukraine and the Expert Service of the Ministry of Internal Affairs. The assessment document is mandatory for notarization and re-registration with the Ministry of Internal Affairs.

The Main Service Center of the Ministry of Internal Affairs reminds owners of large vehicles about the importance of paying taxes when selling. It is important to pay attention to the tax rates related to the number of transactions and the necessity of conducting a vehicle value assessment before concluding the sales contract. These procedures are mandatory under Ukrainian legislation and help avoid tax problems in the future.