The automotive industry is experiencing a strange moment, a consequence like the chain reaction of the shortage of semiconductors. This, which began to be noticed at the beginning of 2021, has paralyzed factories around the world, causing supply to be reduced, prices to increase, the average age of the fleet to increase, and the most affordable finishes of the brands to disappear. and manufacturers post record profits.
Another of the effects attributable to the shortage of chips is the increase in tax collection by the State. More was entered in terms of VAT, as more expensive models were sold than in 2020, with an increase of 7.5%, with a total collection of 3,839 million euros last year.
These data are reflected in the Annual Report 2021 prepared by the National Association of Automobile and Truck Manufacturers (Anfac). In total, tax collection was 34,148 million euros, 16% more than in 2020.
This figure shows a strong contrast with the difference in registrations, which between 2021 and 2020 was just 1%, with 859,477 units compared to 851,210 in the year in which the pandemic broke out.
The Spanish paid 3,429 million euros for Registration and Circulation taxes throughout the past year, 2.6% more than in 2020 when more than 3,300 million euros were collected, according to Europa Press reports.
Specifically, Registration revenues soared 25.5% in 2021, as collections amounted to 467.9 million euros compared to 372.9 million in 2020. Circulation revenues, for their part, fell slightly ( -0.3%), from the 2,969 million euros that were collected in 2020 to the 2,961 million last year.
For its part, the public coffers collected 520.6 million euros for the transfer of used vehicles (property transfer tax, VAT and registration tax), which implies an increase of 1.5% in the year-on-year comparison.
Fuel taxes soar 20%
In addition, Spanish drivers paid 20,467 million euros for taxes associated with fuel, 20.5% more, of which 7,287 million were for VAT, 33.1% more, and 13,179 million euros for special tax, 14.6% more.
On the other hand, the Registration fee generated income for public bodies of 114.9 million euros, 4.1% more, while the collection for the circulation permit amounted to 80.8 million euros, 27 .7% more, and another 187.6 million for change of ownership, 11.4% more.
Finally, the Spanish paid 1,062 million euros in taxes associated with insurance, 25% more, while income from maintenance, vehicle repair and trade in spare parts and spare parts (VAT) amounted to 4,494 million euros, 14 .8% more.
As a whole, the total collection for fees and taxes related to the automobile in Spain stood at the end of last year at 34,148 million euros, a 15.9% increase compared to the 29,453 million euros of 2020, although still below the 36,327 million euros recorded in the last year before the pandemic.