According to the new provisions, temporary tax benefits will apply to passenger motor vehicles classified under commodity code TN VED 8703.
Key tax benefits include:
– Individuals who are not individual entrepreneurs or legal entities can sell passenger motor vehicles without recognizing this activity as systematic, even if they sell more than two cars per year;
– The sale of passenger motor vehicles by individuals is exempt from income tax;
– Income from such sales is not subject to corporate tax;
– Transactions for the sale of passenger motor vehicles are not subject to value-added tax (VAT);
– The sale of passenger motor vehicles is also exempt from sales tax.
Furthermore, individuals, excluding individual entrepreneurs, are not required to pay taxes, penalties, and sanctions on income received from sales until January 1, 2026.
These measures are aimed at reducing the tax burden for citizens and entrepreneurs, as well as promoting transparency in the automobile trade.
