Special tax for cars! Which category of drivers will pay this tax for 5 years

The government proposes to introduce a special tax for cars, and some drivers will be obliged to pay this additional tax for 5 years.

A draft amendment to the Fiscal Code was put up for public debate, on the website of the Ministry of Finance.

The government proposes to introduce an additional tax for vehicles whose value exceeds 75,000 euros.

Special tax for cars

They are obliged to pay the special tax on immovable and movable assets of high value, established according to this title […] natural persons and legal persons who own cars registered/registered in Romania whose individual purchase value exceeds 375,000 lei“, the draft law states.

The state proposes the payment of an additional special tax of 0.3% of the difference between the ceiling and the value of the vehicle.

Which means that if the value of the car is 100,000 euros, then the difference is 25,000 euros. So the owner will pay an additional tax of 75 euros, which is 0.3% of the difference.

This increased tax will be paid over a period of 5 years, from the moment the car is purchased. In total, an additional tax of 375 euros, in the case of the example above. Of course, if the value of the car is 500,000 euros, then the difference will be 425,000 euros. So, a special tax of 1,275 euros per year.

Those who want to analyze this project in detail can access it HERE.

Does the car tax increase in the autumn?

At the request of ProMotor, the representatives of the Ministry of Finance said that they do not foresee tax increases for 2024 and 2025. This answer was issued in August.

The fiscal-budgetary strategy for the period 2023-2025, […] it does not contain specific provisions regarding the taxation of means of transport”, it is stated in the answer sent to ProMotor by the Ministry of Finance.

Instead, tax increases for real estate are being considered, the ministry announced.

And the changes should be implemented by 2024, by implementing the recommendations resulting from the analyzes on the taxation system.

Source: Promotor by www.promotor.ro.

*The article has been translated based on the content of Promotor by www.promotor.ro. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!