USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

164

New Import Duties on Cars in Russia

Russian PM has signed an order to approve new import duties on motor vehicles

New Import Duties on Cars in Russia

The customs duties will be imposed for 9 months, according to a document on the government's official website, and relate to tractors, trucks and cars.

The duty on cars with a motor cylinder volume from 1,500 cu cm to 1,800 cu cm will now total 30% of the customs cost, but not less than 1.5 euros ($1.9) per 1 cu cm of the volume. It earlier totaled 25%, but not less than 1.25 euros ($1.6) per 1 cu cm.

The duty on cars with motor cylinder volume from 1,800 cu cm to 2,300 cu cm will now total 30% of the customs cost, but not less than 2.15 euros ($2.8) per 1 cu cm of the volume. This previously totaled 25%, but not less than 1.8 euros ($2.3) per 1 cu cm.

The document also changes the definition of used cars. Those cars that were produced 5 years ago and earlier will be referred to as used. The term was previously 7 years.

The document will enter into force a month after its publication.

Author: Ksenia Kochneva


Подпишитесь

Follow us on Google News
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru