Tag: Tax Changes

Argentine Government Modifies Tax Base for Luxury Vehicles
3Dec By AGN EditorNo Comments
News

Argentine Government Modifies Tax Base for Luxury Vehicles

The Argentine government has updated the tax base for internal taxes on automobiles, motorcycles, boats, and aircraft through a resolution published by the Revenue and Customs Control Agency (ARCA). This change affects what is known as the 'luxury tax,' impacting only the priciest vehicles sold in Argentina.Key TakeawaysThe luxury tax now applies exclusively to high-end vehicles, with a threshold of 74.314.009 pesos for cars and 15.924.979 pesos for motorcycles.The previous dual-tiered tax system has been suspended but remains in place until June 30, 2027.Only vehicles priced at or above 120 million pesos for cars and 25 million pesos for motorcycles will be subject to the current luxury tax rates.The modification comes after a period where the first tier of internal taxes impacted popular...
Read More
Is It Still Worth Buying an Electric Vehicle Post-Budget?
29Nov By S.MartinezNo Comments
EV & Electric Cars, News

Is It Still Worth Buying an Electric Vehicle Post-Budget?

Are you still excited about the idea of driving an electric vehicle (EV) after Chancellor Rachel Reeves announced a new tax in her Budget? The upcoming pay-per-mile charge for EVs might seem like a dampener, but let's dive into whether it’s worth sticking with your plans to go green. With the introduction of 3p per mile starting April 2028, will this affect your decision?Key TakeawaysThe new tax adds 3p per mile for EV drivers from April 2028.An average driver covering 8,000 miles a year will pay around £240 annually due to the charge.Despite this change, EVs are still expected to be cheaper than petrol cars when charged at home.So, what’s the big deal about this new tax? Well, it's designed to close the gap between electric and conventional fuel costs. But is that enough to make you recon...
Read More