The excise duties on cars with an engine cylinder capacity of 3 000 cubic cm (gasoline) and 2 500 cubic cm (diesel fuel) could be reduced from €3.72 to €2.5 euro, by applying the average official exchange rate of the Moldovan leu, IPN reports, quoting the draft fiscal and customs policy for 2017 that was proposed for public debates.
The move is aimed at offsetting the reduction in the number of imported cars following the rise in excise duties. The number of imported cars with an engine cylinder capacity of 3 000 cubic cm (gasoline) decreased from 1,452 units in 2014 to 300 units in 2015. The amounts collected as excise duties declined by 33.85 million lei. The number of vehicles with an engine cylinder capacity of 2 500 cubic cm (diesel fuel) was of 282 units in 2015, as opposed to 375 units in 2014. The amounts collect as excise duties in this case fell by 9.57 million lei.
The excise duties on oil products that are imported into Moldova or supplied on Moldova’s territory will be set in the Tax Code for a three-year period. This will ensure predictability for the business community and for the budget incomes as well.
The draft fiscal and customs policy for 2017 will be examined and approved by the Government and will be then submitted to Parliament for consideration.
