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Greek Govt Expects to Collect €1.1 Billion in Road Taxes by End 2015

201212164145_5959The Greek government expects to collect 1.1 billion in road taxes by the end of 2015, according to a finance ministry official.
The bailout agreement stipulates that Athens must collect 72 million euros via vehicle inspection centers and about 150 million euros from luxury taxation on cars with engines over 2.5 liters.
It is estimated that about 1.5 million vehicles have not passed inspection in the past two years, and the Greek government is imposing heavy penalties on vehicles that are not inspected.
At the same time, big increases on yearly traffic fees in recent years have forced many car owners to turn in their license plates and immobilize their vehicles, especially those who own luxury or big engine vehicles.
Since 2009, at the onset of the Greek economic crisis, owners turned in license plates of about 772,000 vehicles. This translates in about 750 million euros lost in state revenues.
The Greek government is considering changing traffic fee rates. Number of vehicles per family and age of the vehicle are considered to be the deciding factors to assess traffic fees. So far the engine size is the only factor that determines the traffic fee for each vehicle.
Another way to estimate traffic fees considered is the actual value of the vehicle.

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