State could collect nearly half a billion euros from the pollution tax and VAT in 2011

Autor: Bogdan Alecu 30.01.2011

The new pollution tax, which came into force on January 1, and the raised VAT (24%) could generate around 450 million euros in revenues to the state budget, according to a ZF analysis.
Thus, considering an average tax of 400 euros for every new car registered, the car market could bring nearly 50 million euros to the state, to which another nearly 75 million euros would be added for second-hand cars, considering an average value of 500 euros of the tax. Therefore, revenues from the pollution tax could reach 125 million euros this year, half as much as in 2007, when over 315,000 new cars were sold in Romania.
Considering an average price of 12,000 euros (excluding VAT) for new cars, the car market would contribute over 330 million euros to VAT revenues. Considering the new pollution tax, Constantin Stroe, vice-president of Automobile Dacia, expects this year to see the first significant decline of second-hand car imports, from nearly 214,000 last year, to 150,000 units.