Two basic elements of the success of the implementation of the capital gains tax law in the car market / the ineffectiveness of the tax law in 50% inflation

Khodrocar - In the new year, the government intends to define the issue of tax on capital gains in order to shorten the hands of dealers and keep them away from the capital markets such as housing and of course cars. Therefore, the goal of this plan is to prevent money laundering, create order and predictability in the market, and reduce price fluctuations, reduce the inflation rate, and also reduce the prevention of tax evasion. Therefore, it is mentioned in the circulars of the integrated car sales plan, Zain after the cars sold in the system, based on the car income tax plan, at the time of buying and selling cars, they will pay a part of the generated profit as sales profit tax. This profit will be collected from the seller.

According to the car capital gain tax plan, in the integrated sales plan, if the customer of the plan sells and transfers his car less than three years after the delivery of the car, he must pay between 10 and 30 percent of the profit from the sale as income tax. ; But if the car is kept for more than three years, it will not be taxed.

This decision was taken while in many countries with advanced tax systems, a law similar to the capital gains tax is implemented with the aim of preventing capital from being diverted to the false market and speculation and encouraging people to enter the production and productive sector of the economy. In this regard, the capital gains tax plan was presented to the parliament in the form of a government bill about three years ago, which, despite the approval of the parliament, is still awaiting the approval of the Guardian Council, and if approved, soon the car registrants in the integrated car system will be taxed. They are capital gains.

Experts believe that with the implementation of this law, we will see a decrease in car dealers and the black market, and move towards the exit of cars from the group of capital goods to consumer goods, which will ultimately increase the chances of real buyers.

"The first mission of direct income from taxes for governments and the mission of market regulation are two tasks defined for taxes, the second mission has different effects depending on the regulations and structure of each country, and since taxes are not the only source of income for our country. Revenue and taxes are a part of the country's general income, it has not had a serious impact and there is no successful data in this field.” Siavash Gheybi Pour, expert of tax affairs told khodrocar reporter. 

"The first issue of tax on capital gains is regulating the housing and car market and preventing hoarding, and since it is a new law, it will definitely have implementation obstacles and interference with current laws, which can be solved once the implementation starts.” He added.

"If the inflation rate increases and inflation reaches more than 50%, this law will be ineffective because people will see high profits and this is not the ninth law, but if the inflation conditions are mild, we will see real consumers entering the market. That ends the speculation.” He continued. 

"The implementation of this law is one of the basic issues and foundations of this law's success, so it is too early to evaluate this law.” He said. 

"A survey of car registrants shows that more than 70% of car buyers have sold cars less than six months or a year after purchase, which shows that these people are not real consumers and have entered the car market with speculative intentions.” He mentioned.

He continues: In the new law, car sellers will not be subject to tax if they do not sell in the first three years, which, although we have seen abuses in some cases, it can prevent speculation and the possibility that during long-term processes, it will lead to the conversion of the car. become a consumer product.

Gheybi pour adds: In some countries, tax on capital goods is implemented, but there is a specific definition for cars, so that if the purchased car is hoarded and sold unused, it is undoubtedly included in the category of capital goods. is subject to tax.

At the end, Gheybi pour states that paying attention to the implementation data is necessary for the success of this project and states: the quality of implementation and the future inflationary conditions are two essential elements, and after that, a better judgment can be made in this regard.