Estonia to hike excise tax on cars

Sep 17, 1998
By Kairi Kurm

TALLINN - The Estonian government, to the dismay of many political parties, has agreed to raise the excise tax on cars beginning in 1999. According to the motor vehicle excise tax law, cars are taxed according to their age and size of the engine. For example, the current excise tax on a 10-year-old American car worth 55,000 kroons ($3,900) is 3,700 kroons. When the new excise tax comes into effect, the tax on that same car will be 33,000 kroons.Many of the parties say the tax hike is unneccesary ...

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