Hike in sales tax on Cars in Russia
|   Sunday, July 01, 2012
Very recently the government of Russia has decided to increase sales tax on the all the cars in Russia. People are not considering this as a good decision. In addition to this there are large numbers of automakers in Russia who are suggesting the government to take their decision back.
According to government of Russia, the tax on the cars has not been revised since a very longer period of time, so this is one of the leading reason that why the sales tax on cars has been hiked.


In the beginning of this month the government decided to hike the sales tax in the next year, but they changed their decision in the last month and now the new sales tax rate will came into effect from the next month.

Large number of automakers are there who are suggesting the government to take their decision back, on the other hand the government of Russia not told decided to work on any of such plan. The government recently told directly that hike ion the sales tax on cars in the country is reasonable.

Government has planned to hike the sales tax by 1.25 percent. According to some experts, this is something that will surely hike the price of the cars in Russia. There are few automakers that have already given indirect statement if hiking the price of their cars when the revised sales tax will come into effect.

A Russian news channel has recently claimed that this hike in sales tax on cars will not be applicable for the all the places in Russia, but there are few places which will not be considered in this. On the other side when government was asked about this, the answer government gives is that they have not yet decided regarding this and people will surely be updated shortly regarding this. According to news channel, the government of Russian will keep the northern parts of the country free from the places where the revised sales tax will not be considered.

A recent survey was conducted by a Russian automaker about the sales of cars in Russia. According to that survey the sales of cars in Russia in increasing, however it may becomes stable or decrease if the sales tax on cars will be increased by the government. The survey clearly indicates that this hike in sales tax may avoid more than 60000 people to buy cars in Russia in the current year.

The government of Russian has also given some indications according to which the sales tax on luxury cars will be increased by 2 percent. This decision of government of Russia has already created lot of issues for the foreign and home luxury automakers in Russia. Before this, the sales tax on luxury cars has not been hiked and this is the very first time the government of Russia has decided to do the same.

In Russia, people are sure that sales tax on cars will surely be hiked as it has a strong probability to happen.
PHOTO GALLERY
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