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Russia wants to introduce a tax deduction on domestic cars - EastRussia | Far East

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In Russia, they want to introduce a tax deduction on domestic cars

In Russia, they want to introduce a tax deduction on domestic cars
Photo: pixabay.com

A bill has been submitted to the State Duma of the Russian Federation that provides for a tax deduction when buying a Russian-made car. It can make up 10% of the purchase, provided that its amount does not exceed one million rubles.

As the RIA News, according to the document, a deduction is due to those who purchase a car for personal, family needs. The authors of the initiative are confident that it will not only support citizens, but also increase demand for the domestic auto industry.

To mitigate the blow to the budget, it is proposed to introduce the bill from 2021 and limit the receipt of a deduction of 100 thousand rubles. However, the government of the Russian Federation has already spoken out against such an innovation. They believe that it will not bring the desired effect and will not affect the production of Russian cars.