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Budget revenues from utilization tax exceeded RUB 1 trillion

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Photo: RIA Novosti/Vitaly Ankov
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Budget revenues from the utilization fee in 2024 amounted to 1.1 trillion rubles. Of these, 669 billion - on imported vehicles and 417 billion - on machinery produced in Russia, the press service of the Ministry of Finance told Izvestia.

The total amount is 1.7 times higher than the receipts under this article for 2023 and 13% higher than the forecast, laid down in the financial plan. Last year, this payment provided 3% of all budget revenues.

Revenues from the scrappage fee are comparable to the projected revenues from excise and import duties, as well as with the costs of housing and utilities and environmental protection, said Freedom Finance Global analyst Vladimir Chernov.

The increase in the proceeds of the utilization fee in 2024 compared to the previous year is mainly due to an increase in the rates of the payment, the Ministry of Finance explained. Since October last year, its size has increased by 70-85%, depending on the technical characteristics of cars.

Another reason is the increase in the volume of imported vehicles, the ministry said. According to Avtostat agency, more than 1 million new foreign cars were imported into Russia in 2024 - 23% more than in 2023.

"Imports of vehicles in 2024 increased against the background of increased demand for them - just because of the hype in anticipation of the increase in the utilization fee and the expectation of higher car loan rates," explained Vladimir Chernov.

In 2025, the duty has increased by 20% - the cost of cars may rise by the same amount this year, the expert expects. According to him, as a result, cars with an engine capacity of 1-2 liters will rise in price by an average of Br110-130 thousand.

Read more in the exclusive material of "Izvestia":

Auto and payment: budget revenues from the utilization fee exceeded Br1 trillion

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