From 2014 the road tax system in Cyprus has been based on CO2 emissions. This has meant that diesel cars and older low emission petrol cars benefited from the tax system in Cyprus.
In March 2019 the Cypriot Government abolished the Consumption Tax and opted rather to collect the revenue on the road tax. This means that the age, fuel type and CO2 emissions will all be taken into account.
The law aims to penalise older, less efficient vehicles with a view to help reduce pollution and promote an increase in sales and imports of more environmentally friendly cars as the government aims to tackle environmental issues.
Road tax for all cars will comprise of a flat rate based on the CO2 emissions, with fees ranging from €0.5 per gr/km of CO2 emitted up to €12 per gr/km with a cap of €1500.
For further information on the regulations involved in moving vehicles in and out of the island, our International Department are on hand to assist. Please contact us on 01902 714555 or via email@example.com.