www.pwc.com 2015 Global Automotive Tax Guide November 2015 A guide covering everything you need to know about car taxation in 44 countries – from import and registration to finance, direct and indirect taxation Global Automotive Tax Guide Published by PwC November 2015 568 pages, numerous tables and figures The material contained in this guide reflects the position between December 2014 and April 2015 (respectively September 2015 for Argentina, Brazil, Canada, China, India, Japan, Malta, Mexico, Moldova, New Zealand, South Korea, South Africa, Thailand, Ukraine, USA). Whilst we have made every attempt to ensure the information contained in this guide is accurate, neither PwC nor the author can accept any responsibility for errors or omissions in the factual content. When specific problems occur in practice, it will often be necessary to refer to the laws, regulations and legal decisions of the country and to obtain appropriate professional advice. All rights reserved. Reproductions, microfilming, storage and processing in electronic media are not permitted without the publisher’s approval. PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 184,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com. This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. © 2015 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors Tax matters! We welcome you to the 2015 Global Automotive Tax Guide. This publication compiles tax aspects relating to the use of a car in 44 of the world’s most relevant car markets. It provides unique oversight over aspects like custom duties upon importation, car registration duties, car taxation – both from a direct and indirect tax perspective as well as company car taxation rules in those markets. The level of taxes and duties raised around the use of a car will eventually determine demand. Therefore, the information provided in this guide by the Global Automotive Tax network of PwC is indispensable for strategy departments of OEMs and suppliers, fleet operators, HR departments and tax departments of multi-national companies with activities in these markets. We hope that you find this guide useful and the information may serve as a tool in supporting your organizations’ tax strategy. Alexander Unfried Global Automotive Tax Leader T: + 49 711 25034 3216, [email protected] www.pwc.com/us Table of contents Argentina .................................................................................................................. 6 Austria .................................................................................................................... 21 Belgium ................................................................................................................... 29 Brazil ...................................................................................................................... 46 Bulgaria .................................................................................................................. 65 Canada ................................................................................................................... 75 People’s Republic of China (PRC) .......................................................................... 96 Czech Republic ...................................................................................................... 104 Denmark ................................................................................................................ 115 Estonia .................................................................................................................. 128 Finland.................................................................................................................. 136 France ................................................................................................................... 146 Germany ............................................................................................................... 159 Greece ................................................................................................................... 170 Hungary ............................................................................................................... 182 India ...................................................................................................................... 197 Ireland ................................................................................................................. 209 Italy ...................................................................................................................... 220 Japan ................................................................................................................... 230 Latvia .................................................................................................................... 244 Lithuania .............................................................................................................. 256 Luxembourg ......................................................................................................... 266 Malta .................................................................................................................... 278 Mexico .................................................................................................................. 309 Moldova ................................................................................................................ 328 Netherlands .......................................................................................................... 346 New Zealand ....................................................................................................... 360 Norway ................................................................................................................. 376 Poland ...................................................................................................................384 PwC Portugal ................................................................................................................ 397 Romania ............................................................................................................... 412 Russia ................................................................................................................... 422 Slovakia ................................................................................................................ 437 Slovenia ................................................................................................................ 451 South Africa .......................................................................................................... 466 South Korea .......................................................................................................... 473 Spain .....................................................................................................................483 Sweden .................................................................................................................. 495 Switzerland .......................................................................................................... 503 Thailand ............................................................................................................... 513 Turkey ................................................................................................................... 522 Ukraine ................................................................................................................. 533 United Kingdom ................................................................................................... 548 United States of America ..................................................................................... 558 PwC Argentina Ricardo Tavieres Automotive Tax Leader p: +54 11 4850 0000 Ext.6708 e: [email protected] Néstor Rossi p: +54 11 4850 0000 Ext.6713 e: [email protected] Ignacio Biagioni p: +54 341 446-8022 e: [email protected] Argentina 1. Importation of vehicles 1.1. Customs duties 1.1.1. New vehicles A “Mutual Agreement on Automotive Policy between the Republic of Argentina and the Federative Republic of Brazil” is in effect until June 30, 2016. This agreement establishes a 35% import duty for motor vehicles that do not originate from either of the parties (Argentina or Brazil), with exceptions regarding