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Which European country taxes cars the most? 374.6 billion euros income from 13 EU countries alone

2023-12-26 11:03:21Biznes SHKRUAR NGA REDAKSIA VOX

Which European country taxes cars the most? 374.6 billion euros income from 13

Vehicle taxation varies widely across Europe with environmental considerations playing a key role in some countries. Based on OECD data, a report has been drawn up on vehicle prices before and after tax in four different categories. Taxes related to the purchase, registration and use of vehicles are an important source of revenue for governments. Taxation is increasingly used to influence consumer behavior.

The level and structure of taxes, which can include value added tax – VAT, sales tax, excise duty and other charges, when buying a new vehicle can vary significantly across Europe. In 2022, VAT rates for vehicle purchases ranged between EU members from 17% in Luxembourg to 27% in Hungary according to the European Automobile Manufacturers Association – ACEA.

In most EU countries, people pay either 20% or 21% VAT when they buy new vehicles. There are only six countries where the VAT rate is above 23%. The VAT rate is not the main reason why vehicle prices vary significantly before and after tax across Europe. Taxes, fees and other rewards have their own significant impact. Looking at the average annual tax revenue per vehicle in the EU's main markets, a big difference was recorded in 2022. Spain with €1,148 collected the least total tax revenue per vehicle while Belgium with €2,892 collected the most.

This figure was 1,625 euros in France, 1,764 euros in Germany and 2,723 euros in Finland. Germany collected €34.2 billion in VAT revenue on vehicle sales, service, repair and parts, as well as sales and registration taxes. This figure was just over €20 billion in France and Italy in 2022. Denmark, Sweden and Finland collected over €2 billion in this category while Greece €1.2 billion and Ireland €1.5 billion. Total tax from vehicles almost 400 billion euros in 13 EU countries

Vehicles collect €374.6 billion in tax revenue for thirteen EU countries. In addition to sales and registration taxes, this figure included annual property taxes and, most importantly, taxes on fuel and lubricants. OECD data shows that Turkey was the most outstanding in vehicle taxation in all categories in 2022.

Globally, transport is responsible for 25% of direct CO2 emissions from fuel combustion in 2018. Meanwhile, in 17 of the OECD members in Europe, CO2 emissions are directly taken into account to determine the level of taxation. In 2022, some European countries such as France, Germany, Italy and Sweden gave a "bonus" to buyers of selected vehicles with low or no CO2 emissions. A surcharge was imposed on vehicles with high CO2 emissions in several countries, including Belgium, France, Italy and Sweden.


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