What to do if purchase documents are lost
Posted: Tue Feb 18, 2025 10:29 am
If the cost of the car is high, it is much more profitable to use the second scheme - to deduct the purchase costs from the income received. Therefore, it is important to keep the transaction documents. But if they are lost, you can try to restore them. There are three ways to do this:
Request a copy of the document from the other party. This should not be a problem if you bought a new car from a showroom. For the company, sales contracts are accounting documents, so it stores them. The received copy should be certified by a notary. If you have lost the loan agreement, you should send a request to the bank.
Contact the traffic police archive. If the car is already registered with the traffic police, a copy of the purchase document is stored in the traffic police archive. The storage period for copies is three years.
Renew the contract subject to the consent of the other party to the transaction.
Results
There is no tax deduction when buying a car. The benefit is gansu mobile number database eceived only when selling a car in a situation where the income received is taxable.
You must pay sales tax if you have owned the vehicle for less than three years.
Transactions worth less than 250,000 ₽ are not subject to tax.
To apply the property deduction, you must be a tax resident of Russia - be in the country for at least six months a year, receive an official salary and pay personal income tax during the period when you file a tax return.
There are two ways to make a tax deduction. The first is to exclude the purchase costs from taxable income. The second is to return the tax on the amount up to 250,000 ₽.
The deduction request must be submitted together with the tax return by April 30 of the next reporting period. You must provide documents confirming the sale. If you want to exclude the costs of purchasing a car from the taxable base, they must also be confirmed by documents.
If the purchase agreement is lost, a certified copy may be provided. It can be obtained from the State Traffic Safety Inspectorate or from the seller.
Request a copy of the document from the other party. This should not be a problem if you bought a new car from a showroom. For the company, sales contracts are accounting documents, so it stores them. The received copy should be certified by a notary. If you have lost the loan agreement, you should send a request to the bank.
Contact the traffic police archive. If the car is already registered with the traffic police, a copy of the purchase document is stored in the traffic police archive. The storage period for copies is three years.
Renew the contract subject to the consent of the other party to the transaction.
Results
There is no tax deduction when buying a car. The benefit is gansu mobile number database eceived only when selling a car in a situation where the income received is taxable.
You must pay sales tax if you have owned the vehicle for less than three years.
Transactions worth less than 250,000 ₽ are not subject to tax.
To apply the property deduction, you must be a tax resident of Russia - be in the country for at least six months a year, receive an official salary and pay personal income tax during the period when you file a tax return.
There are two ways to make a tax deduction. The first is to exclude the purchase costs from taxable income. The second is to return the tax on the amount up to 250,000 ₽.
The deduction request must be submitted together with the tax return by April 30 of the next reporting period. You must provide documents confirming the sale. If you want to exclude the costs of purchasing a car from the taxable base, they must also be confirmed by documents.
If the purchase agreement is lost, a certified copy may be provided. It can be obtained from the State Traffic Safety Inspectorate or from the seller.