Before 2015, it was more pleasant to buy expensive cars from the showroom. Later on, a transport tax was introduced. Since then, a wealth tax has been levied on the pockets of luxury car owners. The current conditions for owning a luxury car are dictated by the Tax Code of Ukraine.
Average market value of passenger cars
To make it easier for citizens to understand whether the luxury car tax applies to their car, the Ministry of Economy has launched a special page for calculating it. All you have to do is enter all the data about the car, including the year of manufacture.
It does not matter how much was actually paid for the car. After all, the cost of vehicles is calculated based on the average market price. Now you can easily calculate the luxury car tax for 2017-2025.
As for other features of such a concept as luxury tax, the law dictates the rules of the last payment. When a car reaches the age of 5 years, the tax is paid only for the period from January 1 to the next month after the car's “birthday”.
The first payment is calculated in much the same way, because a car can be bought in the middle of the year.
How much wealth tax should be paid?
The main question that interests all owners of luxury vehicles is how much the luxury tax is in Ukraine. And here you can't do without math.
The transport tax is something that has its own calculation system. It takes into account the age of the car and its cost. You will have to pay for a car that costs more than 375 minimum wages. The minimum wage in 2025 is 8 thousand, and if a car is more expensive than 3 million UAH, you will have to pay for it. The car tax will be 25 thousand hryvnias.
By the way, the owners of trucks, special vehicles, cargo and passenger cars, and buses are lucky, because the tax described above does not apply to them.
The most popular car brands for which taxes are paid
The list of the automotive elite for 2024, which is subject to the vehicle tax on individuals, includes 184 models. These are such brands as Aston Martin, Rivian, Cadillac, Audi, BMW, Bentley, Jaguar, Lexus, Land Rover, Mercedes-Benz, Tesla, Porsche, Lexus, and Maserati.
And of course, tax is not the only thing that comes with buying a modern car. You also need to take care of insurance. So it is imperative to buy a car insurance policy to enjoy the road in peace.