Flash Reports

Russian Cars continue to become more expensive due to excise duties increase.

russian cars

The Russian Ministry of Finance plans to raise rates of excise duties on cars and motorcycles by 26.5 % by 2017 compared to 2014 in accordance with the draft of main directions of the tax policy of the Russian Federation for 2015-2017. Actually the excise tax is 34 rubles for 1 HP for vehicles with capacity of 90-150 HP, in 2015 it is planned to increase to 37 rubles, in 2016 – to 41 rubles and in 2017 – to 43 rubles.

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