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Anfia, car tax burden of 77 billion euros in 2023 - World Motors

2024-02-07T14:54:12.655Z

Highlights: Anfia, car tax burden of 77 billion euros in 2023 - World Motors. The percentage of tax revenue deriving from the sector on GDP stands at 3.6%, the highest among the major European countries. Of the three tax moments in the contributory life cycle of motor vehicles, it is once again the one relating to use that weighs most on the total tax revenue. In second place is the revenue derive from the purchase (VAT and IPT payment), for an amount of 8.56 billion.


The overall tax burden on Italian motor vehicles could reach 77 billion euros (+8.5%) in 2023, a new record figure. (HANDLE)


The overall tax burden on Italian motor vehicles could reach 77 billion euros (+8.5%) in 2023, a new record figure.

This is the estimate from Anfia which released the data for 2022, the year in which the tax burden stood at 71 billion euros, a slight decrease compared to 2021 (-1.4%).


    "The negative change in 2022 - comments Roberto Vavassori, president of Anfia - should not be read as a planned easing of the tax pressure on the sector.


   Instead, it derives from economic factors such as the reduction in excise duties introduced starting from March, to calm the surge in prices at the pump triggered by the energy crisis, and as the contraction of the new and used car market. The percentage of tax revenue deriving from the sector on GDP stands at 3.6%, the highest among the major European countries, whose average is around 2, 1% 2. Of the three tax moments in the contributory life cycle of motor vehicles, it is once again the one relating to use that weighs most on the total tax revenue deriving from the sector, of which it represents 77.8%, exceeding 55 billion (-1, 4% compared to 2021). Tax levy items such as those relating to fuel (31.94 billion) and VAT on maintenance and repairs, purchase of spare parts, accessories and tires (12.27 billion, an increase of 9%).

In second place is the revenue deriving from the purchase (VAT and IPT payment), 12.1% of the total, for an amount of 8.56 billion, a decrease of 5.8% compared to 2021, thanks to the drop of 9.7 % of new car registrations - plus a reduction in the share of sales to private individuals from 61% to 56.7% - and 10.1% of used cars in the year 2022.


   Finally, the revenue deriving from ownership is worth 10.1 % of the total, i.e. 7.17 billion (+4.4% compared to 2021), equal to the total car tax payments".


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Source: ansa

All tech articles on 2024-02-07

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