Strictly speaking, the initiative, which was presented by the City Government, will apply, through the Government Administration of Public Revenue, a ceiling of 49.9% in the updating of the automobile tax during 2022.
According to the proposal, the calculation takes the year-on-year inflation recorded by the local Price Index from November 2020 to October 2021, the period in which the voted ceiling will apply.
During that period, inflation in the automotive sector was, on average, 69.2%, with increases that, in some cases, reached a maximum of up to 500%.
In this regard, the president of the Budget Commission, Claudio Romero, said that the measure “will prevent patents from increasing excessively, thus reaching more than 800,000 vehicles located in the City, the vast majority of them medium and low range. “.
For his part, the legislator of La Libertad Avanza Ramiro Marra questioned whether the measure “is only short-term,” for which he unsuccessfully requested that “it not be transitory, but that it be from now on.”
Source: Ambito
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