Dacia backs first registration tax

Automobile Dacia could reach an almost 2-billion euro turnover by the end of this year, around 30% higher than in 2006, if the first registration tax is not modified or if adjustments are made towards the end of the year, stated Constantin Stroe, vice-president of the company. “If the tax is maintained at the present level, we could reach a business close to 2 billion euros for this year, up from almost 1.55 billion euros last year. It remains to be seen how talks on the first registration tax with the European Commission will progress. However, we should not be too wary, as the regulations that have been imposed are not meant, and cannot be enforced immediately,” said Stroe. Formalities involved by the modification of the tax may extend over a long period, with a final decision to be made possibly as late as in the autumn.