Transport Tax: Current Status, Challenges and Increasing Its Role in the Russian Federation[Транспортный Налог: Современное Состояние, Проблемы И Повышение Его Роли В Российской Федерации]

The subject of the study is to examine the current system of taxation of vehicles and searching for new opportunities to increase revenues from this tax to the budgets of subjects of the Russian Federation. The researcher reviewed the current state of the transport tax, identified the problems in individual elements of the tax and offered evidence-based solutions. The comparative method, allowing to compare indicators of vehicle tax in different periods of time and to determine the effect of tax rates is applied. On the basis of the analytical method the researcher calculated the share of the transport tax collected in all regions of the Russian Federation, and separated the individual share of tax levied on companies and individuals. The share of transport tax revenues of the consolidated budget of the Russian Federation, as well as in the “Property Taxes” is shown. The author has revealed current problems of taxation of vehicles and suggested ways to enhance the role of the tax. In particular, it is proposed to ensure the information resource to strengthen the procedure of state registration in accordance with the law, a clarification tax (the owner or user). It is proposed to link the taxation of vehicles to engine power and mileage. The paper considers recent changes in tax legislation on vehicle tax.