10.1 C
October 16, 2021

Car tax refunds not to exceed RON 200 M

The Government appreciates the total amount to be paid to vehicle owners who will claim a car tax difference refund will not exceed RON 200 M, says Environment Minister Laszlo Borbely, according to Mediafax. On the other hand, he pointed out that the total sum will ‘depend on how many people ask for a refund’. The law on the tax on vehicle polluting emissions provides for a reduction of the charge by up to 25 per cent, allowing car owners to claim the refund of any positive difference between the pollution tax they paid as of July 1, 2008 and the tax resulting from the new law.

With the new calculation of the car tax, the government expects to achieve a positive balance of the Environment Fund, forecasting an increase in revenue by RON 336 M as all passenger vehicles registered prior to January 2007 and sold after the entry into force of the new law will be taxed and a decrease of sums to be collected by just RON 240 as a result of the tax reduction. Comparing the two values, the government expects the decrease of the car tax will not have a negative impact on the budget of the income and expenditure budget of the Environment Fund, as it will be offset by revenue to be collected. The new tax entered into effect today, January 13, and applies only to vehicles to be registered from this date onwards. Interested persons can find the calculation formula on the website of the Environment Fund Administration, where they can check if they qualify for a tax refund.

Related posts

Tax Authority seeks full access to bank accounts

Nine O' Clock

EUR 3 bln-plus aggregate turnover Romanian entrepreneurs set up Romanian Investors Association

Nine O' Clock

Foreign direct investments continue to drop

Nine O' Clock