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Discounts under the program “First car” and “Family car” to exempt from taxation

The owners of the cars purchased in the framework of target programs of support of demand, will not pay personal income tax to provide government a 10% discount. This was reported today the head of Ministry of industry and trade Denis Manturov.

Car buyers in the state program “First car” and “Family car” will not pay tax on the income of natural persons at 10% discount, which provides the state, according to the Ministry, referring to the provision of the Federal law.

“Taking into account the social importance of both programs, the Ministry of industry and trade proactively initiated an amendment to article 217 of the tax code to avoid taxation of individuals who use the program of preferential car loan “First car” and “Family car”, — said the Minister of industry and trade of Russia Denis Manturov.

We will remind, earlier it was in conflict: due to the lack of specification of conditions of programs that the law came out that benefited from this year’s discounts to buyers in 2018, was to receive the notification of payment of tax on income, and income were this discount. A ten percent discount to buyers give banks, who then receive reimbursement from the state. Thus, they partially pay for the goods (the car) for the taxpayer, and it is recognized as income received in kind, unless otherwise noted. What earlier drew the attention of the Ministry of Finance, but did not intervene because it was a “puncture” of the Ministry of industry and trade. The office quickly solved the problem.

The state program “First car” and “Family car” began to operate in July 2017 and continue into 2018. to Claim the 10% discount can those who buy the car for the first time or who have two or more young children. The car must be new, produced in 2016-2017. For these kinds of loan not require a down payment, and spread they are still on the insurance. Next year, the value of the vehicle available for state programs increased from 1.45 million to 1.5 million rubles.

  • On November 19 the program “First car” sold nearly 26 million units, according to the program “Family car” — more than 37 thousand cars.
  • We conducted a survey on the website, how people generally discount program, the results can be found at the link.

Photo: depositphotos.com

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