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Bucharest
October 20, 2020
BUSINESS

Diesel fuel excise tax to be hiked as of January 1

Excise taxes on diesel fuel will be hiked by 4.4 pc as of January 1, from EUR 358 to EUR 374/tonne, according to a governmental document quoted by Mediafax. At the same time, excise taxes on coffee will be maintained into 2012, although their elimination had been scheduled as early as 2010. The Government estimates to collect a total RON 21.18bln from excises on all the products subject to this tax, the equivalent of 10.8 pc of total budget revenue. Total excises collected are estimated to amount to 3.7 pc of GDP, the same as in 2011, but rising from the preceding years’ figures.

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