Road tax changes slammed by car importers – Cyprus Mail

Amendments made by cabinet to the law on motor vehicles, which will see the introduction of an emission-based road tax, were slammed on Tuesday as unfair and unconstitutional by the Cyprus Car Importers Association (Pasea).

The amendments do not promote environmental protection, nor do they promote anti-pollution policies, Pasea said. Rather, the additional charges will only disproportionately affect the average low-income consumer who cannot afford a new car, as well as importers of older used cars.

Sole beneficiaries of the amendments, Pasea added, are importers of new cars and high-income buyers able to purchase new luxury cars with low CO2 emissions, shutting the average consumer out of the automobile market as a result.

Pasea president Mattheos Ioannou said the law amendments threaten to render the most popular vehicle category, those with 1416 horsepower engines, out of bounds for the average Cypriot consumer, with road taxes skyrocketing from €80-90 to €300-600.

On December 5, cabinet approved amendments to the law on motor vehicles, which abolish consumption taxes across the board and introduce an emission-based road tax for passenger vehicles and light vans.

The changes concern vehicles registered in the Republic after the law comes into force at the beginning of 2019.

The changes will see a rise in the road tax of passenger vehicles with high CO2 emissions and a rise in the road tax of newly registered passenger vehicles and vans according to their age.

On top of this, road tax charged on used vehicles imported after the law comes into force will also include additional charges based on their age.

Source: Road tax changes slammed by car importers – Cyprus Mail

Falling fuel prices could drop further – Cyprus Mail

A bill seeing a reduction in fuel prices by five cents is due to be submitted to parliament by Diko before Christmas, boosting the decrease seen in the retail price of fuel in November.

The price of 95 octane petrol decreased in November by €0.072 per litre compared to the previous month, with the average price being at €1.247 per litre, the association said.

The price of diesel also fell by €0.048 per litre compared to October, selling for €1.332 per litre.
From November’s reductions in price on the two types of fuel consumers saved a total of €132,628, the Consumers Association said on Monday.

A price decrease was also seen in heating oil in November, which fell by €25 per thousand litres compared to October, as its average price on November 1 was €979 per thousand litres, with the price falling to €954 by the end of the month.

Despite price decreases for November, prices are still much higher than January this year when the average of heating oil was €825 per thousand litres.

The association highlighted the large number of residents of the Republic who travel to the north to buy fuel, noting that between January and October this year 12,538,017 litres of 95 fuel and 14,075,756 litres of diesel were bought from the north.

Petrol stations in the south recorded revenue losses of €1,463,758, which also brought about a loss of revenue for the state (via taxes and VAT) of €19,168,330, the association added.

Prices are expected to fall by an additional five cents if parliament approves a bill seeking to reduce consumption tax on fuel, proposed by Diko last month.

The bill, a part of a more extensive social package agreed by Diko chairman Nicolas Papadopoulos with the government and ruling Disy, is currently under review by the finance ministry, Diko spokesman Athos Antoniades told the Cyprus Mail on Tuesday, and is expected to be placed before parliament in December.

The social package agreed is expected to cost some €100m and involves an in-crease of €50 to low pensions, a five-cent cut in fuel tax and heating fuel subsidies for people living in higher areas.

Finance Minister Harris Georgiades, who took part in a meeting in November with Papadopoulos, Disy leader Averof Neophytou and Labour Minister Zeta Emilianidou on Tuesday said he disagreed with the reduction in fuel tax.

Georgiades said he thought cutting the tax on bank deposit interest would be a better move.

Source: Falling fuel prices could drop further – Cyprus Mail

Road tax changes to penalise polluting vehicles – Cyprus Mail

The cabinet on Wednesday approved amendments to the law on motor vehicles, which abolish consumption taxes across the board and introduces an emission-based road tax for passenger vehicles and light vans.

The changes concern vehicles registered in the Republic after the law comes into force at the beginning of 2019.

The changes will see a rise in the road tax of passenger vehicles with high CO2 emissions and a rise in the road tax of newly registered passenger vehicles and vans according to their age.

According to the bill, road tax for those two vehicle categories will take into consideration the combined cycle CO2 emissions – euros per gramme per kilometre.

  • For 120 gr/km the tax will €0.50 per gr/km, or €60;
  • between 120 and 150, €3;
  • 150 to 180, €6;
  • over 180, €12.

Annual road tax cannot exceed €1,500.

On top of this, road tax charged on used vehicles imported after the law comes into force will also include additional charges based on their age.

  • No charges will be imposed on used cars, petrol or diesel, up to one-year-old;
  • between one and two, zero for petrol and €100 for diesel;
  • two to three, €50 for petrol and €200 for diesel;
  • three to four €100 and €300;
  • four to five, €250 and €500;
  • five to eight, €500 to €1,000;
  • eight to 10, €750 and €1,500;
  • over 10, €1,000 and €2,000.

Source: Road tax changes to penalise polluting vehicles – Cyprus Mail

Drinking and driving target of new police campaign – Cyprus Mail

A seven-day police campaign starting on Monday will see the force target drivers who have been drinking on an island-wide level.

In the EU a quarter of all traffic accidents are due to the driver having drunk alcohol. Drinking increases the chances of a driver being involved in a crash as it increases reaction time.

It also results in a lack of self judgement and increased self esteem, which lead to more dangerous behaviour, increased speed and the non use of seatbelts.

In advance of the campaign police in Nicosia and Limassol carried out a targeted operation against drink drivers in the early hours of Sunday morning.

Out of 750 alcotests, 89 people were charged for drink driving, while another 89 were stopped for driving over the speed limit and 66 for other traffic offences.

The police campaigns continue with the aim of reducing the number of fatal and serious traffic accidents on the roads of Cyprus.

Source: Drinking and driving target of new police campaign – Cyprus Mail