Although the increase in personal income tax for the highest incomes or the one that will affect sugary drinks will be two of the tax modifications that more headlines will monopolize this start of the year there are also some that directly affect many of the motorists.
It is not the case of the hydrocarbon tax that, together with VAT – 21 percent – taxes fuel, even though it was foreseen in the first accounts presented by the Government to Congress. In this project, it was intended that the discount that affects diesel would be reduced – thus adding some 500 million more to the public coffers during the next two years – but, finally, it was annulled in a first presentation of amendments.
However, the one that does rise is the one that taxes insurance premiums, which will go from 6 to 8 percent, however much it is situated in the lowest part of the European Union. For third-party car insurance this could mean an increase of 6.20 euros more per year, according to Europa Press.
In a UNESPA statement, this insurance employer association that includes 200 insurers and reinsurers figures in 95 percent of families that have a contracted policy, the most common being that of automobiles, which reaches 79 percent of these and well ahead of the 74 percent that have home insurance and 45 percent of deaths.
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