Tag: import taxes cyprus 2019

Cyprus Nicosia, Wednesday, December 5th 2018,

The Cabinet of Ministers approved amendments to the law on vehicles, which introduce a new road tax for cars and vans with a high level of carbon dioxide emissions. The new road tax system applies to vehicles belonging to categories M1 and N1, i.e. cars with up to eight passenger seats, including the driver, as well as trucks weighing up to 3.5 tons, which will be registered in the Republic of Cyprus after the law enters into force, in early 2019. On the other vehicles, these changes do not apply. The new bill will cancel many concessions, which facilitated the registration of imported used cars. According to the new rules, the older the car and the greater the power of its engine, the higher the tax on the road. Owners of “young” cars will pay less. The new road tax will take into account combined-cycle CO2 emissions — euro [...]