Penza, 30 September 2014. PenzaNews. A bill, offering to adjust rates of vehicle tax from 1 January 2015 at the rate of inflation, was introduced to the Legislative Assembly of the Penza region. According to the explanatory note signed by Olesya Safonova, minister of economy of the region, as a result the rates for the main types of land transport will increase by 1–5 rubles per one horsepower, depending on the capacity of the car.

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Should the bill pass, the increased rate will be applied in the calculation of vehicle tax in 2015.

According to the regional law of 17 September 2002, the organizations-taxpayers make advance payments no later than the 15th of the second month following the expiration of the reporting period (I, II and III quarters), and the difference between the amount of tax assessed for the tax period and the amount of advance payments shall be payable not later than February 15 of the year following the expiration of the tax period.

Individuals pay vehicle tax in the next year after the tax period.

Consequently, in 2015 the vehicle tax revenues will increase due to the increase of advance payments by organizations-taxpayers for I, II and III quarters 2015, and individuals will pay vehicle tax for 2014, based on the current tax rates.

The full increase in vehicle tax revenues will occur in 2016.

According to calculations of the department of the Federal Tax Service of Russia in the Penza region, additional revenue in the region in 2015 will amount to, approximately, 1,6 million rubles, in 2016 — about 34,8 million rubles.