Ukrainians were told how much they will now have to pay in taxes for car sales.

State Tax Service of Ukraine: what you need to know about the taxation of vehicle sales

The State Tax Service of Ukraine reminded citizens of the importance of paying taxes when selling their own vehicles. Depending on the type of vehicle and the number of sales during the year, tax rates may vary.

When selling a passenger car, motorcycle, or moped, income is determined based on the price specified in the sales contract. However, this amount cannot be less than the average market value of the vehicle or the market value chosen by the taxpayer.

The taxation system has a different approach. If a citizen sells a passenger car, motorcycle, or moped for the first Time this year, the sale is not taxed. The second sale is taxed at a rate of 5%, while the third and subsequent sales are taxed at a rate of 18%.

For buses, trucks, trailers, tractors, and other special equipment, different rules apply: the first two sales are taxed at a rate of 5%, and the third and subsequent sales are taxed at a rate of 18%.

'Income from transactions involving the sale of vehicles is also subject to a military tax, which from December 1, 2024, is 5%,' the tax service noted.

The State Tax Service emphasizes that if taxes or military duties have not been paid from the income from the sale of movable property, an individual must submit a declaration of property status and income by May 1 of the following year, determine the respective tax obligations, and pay them by August 1. These requirements are established by Article 173 of the Tax Code of Ukraine.

By the way, more and more Ukrainians are switching to electric cars. The most popular models for March have appeared.