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October 24, 2021

Excises to be put on vehicles, yachts and over 100 HP leisure motorboats

Individuals will pay excises for yachts, entertainment motorboats having engines exceeding 100 HP, stipulates the Ordinance regulating the fiscal budgetary steps the Government passed on Tuesday. In the normative act’s explanatory note, the Finance Ministry specifies that the engine with over 100 HP of the yachts, and other entertainment motorboats will be put unharmonized excises on, taking into account that ship’s engines are not always integrated. According to the Government, the Ordinance also regulates some unclarified aspects of the law on tax.

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