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Denmark Proposed Changes in Indirect Taxes; Promotes Hydrogen or Electric Vehicles
The tax authorities of Denmark have proposed reforms to indirect taxes which are likely to take effect in 2013
Proposed Indirect Tax Revisions: Increase in Taxes
* Vehicle road tax and fuel tax;
*Tax on Piped water;
*Health-related taxes (known as 'fat taxes' imposed on wine, beer, saturated fat, mineral water, etc.); and
*Various excise duties.
Proposed Indirect Tax Revision: Other Provisions
*To recompense for inflation, majority of indirect taxes would be raised by 1.8% annually till 2020, lone exemption is given to oil excise duties. However, from 2016 onwards, even oil excise duty would be adjusted by the real change in inflation.
*From 2013, majority of fat taxes i.e. health-related indirect taxes would increase through "discretionary increases" sharply by over 10%.
*The current exemption granted to hydrogen and electric vehicles from car registration tax and vehicle road tax would be extended till end of 2015.
*A 52% increase in the special "countervailing charge" would apply to diesel. This is intended to have the following effects:
*It is expected to reduce particle emissions from diesel cars;
*It is also expected to promote drivers into purchasing hydrogen or electric cars;
However, this provision exempts heavy and large vehicle like trucks, tractors and buses, as they do not have any option but using diesel.
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