The Single Road Tax (IUC), the Motor Vehicle Tax (ISV) and the Municipal Tax on Taxable Transactions (IMT) will be updated by 4%, according to the proposed National Budget for 2023 (OE2023).
With this 4% update, the exempt amount under the Municipal Tax on Transactions (IMT) for starters increases from the current 93,331 euros to 97,064 euros.
The other tranches of this tax on real estate transactions also increase by 4%, with the respective rates remaining unchanged.
This 4% was also the benchmark used to update the IUC, ISV, IABA (alcoholic and sugary drinks) and Tobacco Tax (IT).
The OE2023 will be discussed in general in parliament on October 26 and 27, with the final global vote on the government’s proposal’s diploma on November 25.
Source: DN
