Tax share of motor car prices

Summary

Asked what share of imported and home-assembled car costs was purchase tax and VAT, the Minister said the same taxes apply to both and average about 29% of the recommended retail price.

John F. Donnellan Mr. Donnellan Fine Gael

andMr. Griffin asked the Minister for Finance the amount of the total cost of (a) imported and (b) home assembled motor cars which is purchase tax and VAT.

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George Colley Mr. Colley Fianna Fáil

Motor cars are liable to the same rates of excise duty and value-added tax whether they are imported or home assembled. On average, these taxes are estimated to account for approximately 29 per cent of the recommended retail list price of a motor car.

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