The new tax on wealth and luxury goods should bringHr 500 million to the state budget in 2013, according to the government's forecast in the explanatory note for the corresponding draft of amendments to the Tax Code, which was published on Tuesday.
The draft law foresees a tax rate of 2% of the minimum salary per square meter of residential area (now aboutHr 20) for flats with an area of over 200 square meters, suburban houses and cottages with a total area of more than 500 square meters, and residential property with an area of over 600 square meters that belong to one taxpayer.
Moreover, the Cabinet of Ministers is initiating the levying of a 40% tax on the value of cars bought in Ukraine or imported to the country that have engine volumes of over 3,990 cubic centimeters, motorcycles with engine volumes of over 995 cubic centimeters, ships (including yachts) with engine output power of over 75 Kw, airplanes and helicopters.
At the same time, it is proposed to temporarily ban the importing of this type of property to Ukraine.
Finally, according to the bill, precocious goods, watch, mobile phones worth more than 50 minimum salaries, weapons costing more than 20 minimum salaries, fur goods worth more than 40 minimum salaries and art, antiques goods more than 50 minimum salaries are to be taxed at the rate of 10% of their value when buying or importing.
The law is to come into force on January 1, 2013, while the tax on real estate has to be paid by August 1.
