State budget revenues from customs clearance of cars with foreign plate numbers reach over UAH 8.6 billion

On February 22, the period expired for the application of the lowered excise rate (co-efficient 0.5) for the customs clearance of cars with foreign plate numbers.

In the period from November 25, 2018 till February 22, 2019, citizens of Ukraine customs-cleared 139,752 vehicles with foreign plate numbers imported to Ukraine under the temporary import or transit mode in the period from January 1, 2015 until the enactment of the new customs rules for such vehicles.

The total state budget revenues from the customs clearance of vehicles with foreign plate numbers amount UAH 8.646 billion (including UAH 0.77 billion in customs duties, UAH 2.56 billion in VAT, UAH 4.29 billion in excise and UAH 1 billion paid voluntarily by citizens to prevent administrative prosecution for the violation of the customs rules).

The revenues of the Pension Fund of Ukraine (special fund of the state budget) from the customs clearance of vehicles with foreign plate numbers amount more than UAH 7.6 billion (revenues received as import duties, VAT and excise) including UAH 6.69 billion received in 2019. Funds paid by citizens voluntarily to the state budget to prevent administrative prosecution for the violation of the customs rules are transferred to the general fund of the state budget.

In the period from February 23 to May 23 the standard excise rate will be applied for the customs clearance of cars with foreign plate numbers.

Starting from May 24, owners of cars with foreign plate numbers who failed to customs-clear them will have to pay fines in case if the duration of transit or temporary import is exceeded by more than 30 days. This violation of the customs rules makes uncleared cars subject to a fine amounting UAH 170,000 or to seizure imposed by the court.