Car market, Latvia, Passenger cars, Taxation, Transport
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Thursday, 28.03.2024, 21:21
Transport Ministry plans road tax hike for luxury cars with high CO2 emissions
Talivaldis Vectirans,
head of the Transport Ministry's Road Transport Department, told that the
ministry was proposing to reduce the road tax for vehicles with low CO2
emissions, zero to 50 grams per kilometer, manufactured after 2009, while the
tax for automobiles with CO2 emissions of over 250 grams per kilometer will
increase EUR 100 to EUR 150.
"The tax will increase more for those automobiles whose
CO2 emissions fall in the ranges of 250 grams to 300 grams per kilometer, 300
grams to 350 grams per kilometer, and more than 350 grams per kilometer. That
is, for luxury automobiles. The new tax will apply to approximately 92,000
automobiles, and to more than 111,000 automobiles in 2019. We are planning to
collect more than EUR 93 mln in road tax next year," said Vectirans.
The Transport Ministry has agreed with industry
representatives that there will be eleven road tax levels. No road tax will
apply to automobiles with CO2 emissions of up to 50 grams per kilometer. Road
tax rate for automobiles with CO2 emissions of 50 grams to 95 grams per
kilometer will be EUR 12, and EUR 48 for emissions of 96 grams to 115 grams per
kilometer, EUR 84 for emissions of 116 grams to 130 grams per kilometer, EUR
120 for emissions of 131 grams to 155 grams per kilometer, EUR 144 for
emissions of 156 grams to 175 grams per kilometer, and EUR 168 for emissions of
176 grams to 200 grams per kilometer.
Tax road for automobiles with CO2 emissions of 201 grams to
250 grams per kilometer will be EUR 264, 251 grams to 300 grams per kilometer -
EUR 408, 310 grams to 350 grams per kilometer - EUR 552, and more than 350
grams per kilometer - EUR 756.
The new road tax rates will only apply to vehicles
manufactured after 2009, and they will come into force in 2017, emphasized
Vectirans.