The Cabinet supports the bills on the “EuroBLECH” despite possible losses of the budget
The government has estimated that because of the law, the budget will lose annually about two billion hryvnia.
The government endorsed the draft law designed to reduce the excise duty on the clearance of the car, but noted that because of its adoption of the budget will annually lose 2 billion hryvnia. On Thursday, July 19, according to the EP, citing the conclusion of the Cabinet to the draft law No. 8487.
“The proposed reduction in the excise tax on passenger vehicles may lead to reduction of receipts in the budget by 2 billion annually”, – the document says.
“The bill is not submitted proposals for financial support or the covering of possible losses of the budget that is not consistent with article 27 of the Budget code of Ukraine”, – said in conclusion.
However, the officials, the introduction of the proposed excise tax rates, particularly on used cars older than 10 years, may become a significant obstacle for increasing the volume of domestic production of passenger vehicles.
“In addition, the implementation of the legislative initiative may lead to increase in volumes of import to Ukraine and legalization of the imported used vehicles, especially those that have been in use for about 10 years”, – said in the conclusion.
As reported, on July 13, the deputies supported the first reading two bills aimed at easing customs clearance of cars.
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