President of Ukraine Petro Poroshenko has signed the law, simplifying the trade with used cars, the Economic Truth reports.
It is reported on the official site of the Verkhovna Rada in law status.
The relevant law on the introduction of amendments to Article 189 of the Tax Code of Ukraine regarding the stimulation of secondhand market development was adopted by deputies on April 12.
The law stipulates the legalization of sales of used cars through official car dealerships as well as change of structure of tax proceeds from resale of such cars.
This will allow legalizing the revenues and transform the relationships between purchasers and sellers into the official mutual format, which will encourage the refill of state budget.