A reviewed calculus for Romania’s controversial first registration car tax will be included in the fiscal code on January 1, 2008 or six months since its publication in the Official Gazette, Romanian Economy minister Varujan Vosganian said on Tuesday, quoted by the NewsIn news agency.
Vosganian’s statement comes as the Romanian Government has yet to receive a favorable answer from the European Commission over its new formula to compute the tax.
The first registration car tax was introduced this year, sparking complaints from the European Commission as it was seen as a means to prevent free competition on old and new car sales.
Should the Commission provide a favorable answer to the new formula for the tax calculus, the tax is due to be approved in Parliament before it comes into force.
The principles for the new formula were submitted by the Economy Ministry to the European Commission in May this year.
HotNews.ro, Jun 12, 2007
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