New draft Fiscal Code: Tax on cars with small engines will not increase, sources say



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The withdrawing of the draft Fiscal Code from the site of the Finance Ministry causes suspicion, believe the representatives of investors

The minister of Finance sent to ministers the electronic version of a new draft Fiscal Code, which no longer provides an increase of the tax on cars with engines under 1,600 cubic cm, without other modifications compared to the initial form, official sources announced. The tax was due to increase from RON 8 to RON 20 for every 200 cc in the case of cars with engines up to 1,600 cc.
The draft also provides an increase of the tax from 18 to 30 RON/200 cc. for engine capacities between 1,601 and 2,000 cc.
For cylinder capacities between 2,001 and 2,600 cc, the tax will diminish from 72 to 60 RON/200 cc. and the decrease will continue for cars with bigger engines. Local taxes, too, will continue to be indexed every 3 years depending on inflation, but directly by local administrations, instead of the government, as it happens now, and there will also be possible to raise them by 50 pc above this level, compared to the 20 pc allowed by acting norms.
Saturday, the Ministry of Finance announced that it withdrew, at the request of PM Ponta, the draft Fiscal Code and Fiscal Procedure Code, so they can be analyzed by the government before being put on public debate.
Representatives of investors believe that the withdrawing of the draft Fiscal Code and Fiscal Procedure Code from the site of the Ministry of Finance without consulting the business environment causes serious suspicion over the final content of these documents. “The Coalition for the Development of Romania (CDR) issues an important warning about the withdrawing from the MFP site of the draft Fiscal Code and Fiscal Procedure Code, considering that the withdrawing of these documents without consulting the business environment and of the sides affected by the proposed modifications is prone to generate serious suspicions about the final content of these documents. The member organizations of CDR support the draft rewriting of the Fiscal Code and want this process to be transparent and open,” mentions a communique of the Coalition, which brings together the main structures of Romanian and foreign investors in the local market.
As conclusion, CDR demands Romanian authorities to place back on analysis and public debate the draft Fiscal Code and Fiscal Procedure Code.

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