- France replaced the TVS tax with two new taxes in 2023: the annual CO2 tax and the annual car age tax.
- These taxes will remain in effect until 2027.
- The reforms aim to encourage companies to use environmentally friendly vehicles.
- The annual CO2 tax will increase gradually until 2027.
- The tax is based on the WLTP, NEDC, and the vehicle’s first use date.
- The definition of taxable vehicles has been updated.
- Hybrid vehicles are no longer exempt from the annual CO2 tax.
- The taxation period for both taxes is annual.
- Filing methods vary depending on the taxpayer’s VAT system.
- Companies must keep an annual record of all vehicles assigned to their activity.
Source: auxadi.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
