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Eric Wiebes leaves youngtimer rules for the time being unaffected

State Secretary Eric Wiebes of Finance is leaving the young-timer scheme for lease drivers intact for the time being. Permission from, among others, the Senate is still required.
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In recent weeks, there has been an automotive-wide turmoil about the additional plans for State Secretary Eric Wiebes. The scribe from the Ministry of Finance has twice amended the proposal to increase the addition for new lease cars. It led to an adjustment for the main category. In the meantime, the youngtimer industry closely monitored the development.

 

State Secretary Eric Wiebes of Finance leaves the young-timer scheme for lease drivers intact for the time being. Permission from the Senate, among others, is still required.
State Secretary Eric Wiebes of Finance leaves the young-timer scheme for lease drivers intact for the time being. Permission from the Senate, among others, is still required.

Relaxation thanks to BOVAG and RAI Association, among others
Initially, the State Secretary had conceived the plan to link cars with an emission of 80 grams of CO2 per kilometer to an additional tax rate of 25%. After intensive lobbying from, among others, the interest groups (BOVAG, VNA, RAI Association) in the automotive field, Wiebes applied a more flexible standard, which means that a broad category of cars is eligible for an addition percentage of 21%.

 

Emission of new cars leading, young timer out of shot
The discussion focused on the CO2 emissions of new cars in 2016. The developments with a hawk eye have also been followed from young-timer circles. However, in the third letter of amendment, State Secretary Wiebes also stated that the addition rules for the year 2016 only apply to new cars. The State Secretary has thus expressed the intention to leave the scheme for youngtimer lease existing since 2009 unchanged. It means that the heritage of the future may be leased under the fiscal condition that - for private use - 35% of the economic value may be added to the income. For the young-timer industry, the proposal represents a clear step towards continuity in business activities. The Senate and Lower House still have to approve Wiebes' proposal.


More clarity next week
The House of Representatives will consider the plans next week. If the plan is approved there later in the year, the Senate will also consider the addition proposal.

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