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Registered
Join Date: Feb 2008
Location: Bayside Wi
Posts: 3,027
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Import Tax reduction to Germany
"As of July 1st 2020, the import tax for classic cars in original condition and 30 years or older goes down from 7% to 5%.
Also, the German value added tax is reduced from 19% to 16%. This reduction is set until the end of this year and may not last into 2021." Especially helpful to sellers if it was grey market Porsche to begin with as many turbos were. Conversely, to those in US looking to buy, it might not help.
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Anthony @ Voitureltd Bayside WI. Last edited by voitureltd; 06-09-2020 at 10:38 AM.. |
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06-09-2020, 09:21 AM
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Registered
Join Date: Feb 2008
Location: Bayside Wi
Posts: 3,027
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A little further in the alert from a international dealer who specializes in Porsche to his German clients,
"This is very good news and you pair this with a strong Euro currency, the time to import your next collectible car from the US is now!"
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Anthony @ Voitureltd Bayside WI. Last edited by voitureltd; 06-09-2020 at 10:37 AM.. |
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06-09-2020, 10:35 AM
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