Since the Automobile Promotion Plan was presented and the acronym WLTP began to be used as the new homologation to measure the consumption and emissions of new vehicles, there has also been talk of a tax reform related to automobiles. But, What is this change that is expected to apply from January 1, 2021?
Well, as pointed out from Faconauto, This tax reform tries to adapt to social reality, to the technological development of the automotive sector and to the new dynamics of the market, not like the current one.
In summary, the new tax reform would seek to adapt the cost of circulation and registration taxes vehicles to the new WLTP technical homologation cycle which, although it is a technical marker, it’s going to affect the price taxpayers pay.
How? The cost of these taxes is calculated by sections according to the grams of CO2 emitted by the vehicle per kilometer. By using the WLTP homologation cycle (which shows what the actual emissions of the vehicles are), Measurements can show a higher amount of emissions and this can raise the price of taxes by up to 50% of the vehicles in the car fleet.
For the moment, The Government spoke of adapting, through the aforementioned tax reform, taxes to the new measurements, but both manufacturers and dealers demand concreteness. Although this change is included in the Impulse Plan, at the moment there is no official date for its application, so from January 1 of next year it is possible that the cost of the registration and circulation tax will become more expensive. if the reform does not come before.