The new sections of the registration tax are already official. They have been published in the Official State Gazette and will be in force during 2021 with the aim of avoiding a rise in the price of new cars due to the entry into the scene of the WLTP homologation cycle.
It is already official. The new sections of the registration tax They have been published in the BOE (Official State Gazette). Some sections that will be in force for a few months with the aim of avoiding, in the short term, the increase in price of new cars in the Spanish territory due to the entry into the scene of the WLTP homologation cycle that occupies the position of the previous NEDC standard.
After months of debate and controversy, the new measures to prevent and fight tax fraud have finally been published. It is in this law where the new sections of the registration tax are contemplated. And it is that, having made these changes, the increase in price of new cars would be assured because, under the WLTP cycle, homologated CO2 emissions are much higher.
The new sections of the registration tax in Spain in 2021
Until when will the new sections be in force? Is it so valid from July 10 to December 31, 2021. It is on this last date when it is expected that the values will rise again according to what is established in the norm and, therefore, there will be cars that, today are exempt from paying this tax, will have to pay it since their homologated emissions They will make you change leg.
The registration tax brackets
This reduction in the registration tax will not be retroactive, however, it will be the autonomous communities, those in charge of managing this tax, which will have the last word in this regard. A priori, buyers who have acquired a new car between January 1 and July 9, 2021, will not benefit from this measure that has been approved.
The rising cost of most new cars because of the registration tax has been one of the main causes why the Car sales in Spain have fallen considerably throughout this first semester. Therefore, the sector has welcomed the approval of this “grace period” as it is expected to help boost new car registrations.