The tax authorities clarified the specifics of vehicle tax payments for legal entities.

The tax service in the Kharkiv region clarifies the nuances of transportation tax payment for legal entities.

It is noted that according to subparagraph 267.1.1 of paragraph 267.1 of Article 267 of the Tax Code of Ukraine (hereinafter – TCU), taxpayers of the transportation tax include individuals and legal entities, including non-residents, who own registered passenger cars in Ukraine in accordance with current legislation, which are considered taxable objects under subparagraph 267.2.1 of paragraph 267.2 of Article 267 of the TCU.

The taxable object consists of passenger cars that have been manufactured no more than five years ago (inclusive) and have an average market value exceeding 375 times the minimum wage established by law as of January 1 of the tax (reporting) year (subparagraph 267.2.1 of paragraph 267.2 of Article 267 of the TCU).

Taxpayers – legal entities independently calculate the tax amount as of January 1 of the reporting year and no later than February 20 of the same year submit a transportation tax declaration to the controlling authority at the location of the taxable object, in the form established in accordance with Article 46 of the TCU, breaking down the annual amount into equal quarterly installments (subparagraph 267.6.4 of paragraph 267.6 of Article 267 of the TCU).

If a passenger car reaches the age of five during the reporting year, the tax is payable for the period from January 1 of that year until the beginning of the month following the month in which the age of such a car reached (will reach) five years (subparagraph 267.6.7 of paragraph 267.6 of Article 267 of the TCU).

A legal entity that owns a registered passenger car in Ukraine in accordance with current legislation calculates the transportation tax for the period starting from January 1 of the reporting year until the beginning of the month following the month in which the age of such a car reached (will reach) five years.