. Malta 2013 Budget for Vehicles - CarsAddiction.com

Registration taxes and scrappage schemes have been tweaked in respect of vehicles, as follows:

  • Euro 5 car registration tax is reduced by a maximum of 30%;
  • Euro 4 car registration tax is increased by an average of 10%;
  • Registration tax rate on N1 commercial vehicles is reduced by 12.5% to incentivise the purchase of new cars;
  • The rebate on scrappage is reduced to €500, but extended to the scrappage of older vehicles and replaced by commercial (N1) cars;
  • Registration tax on motorcycles with 250cc engine is removed, and other engine capacities are subject to a 25% reduction;
  • Classic car definition is lowered from 35 to 30 years. Circulation tax was removed and an €8 administration fee introduced for such cars. In addition cars aged 50 years and over had their registration tax removed.
A rebate of €200 has been introduced for the conversion of vehicles to autogas. Theannual circulation licence for such cars registered after 2009 was also reduced. The government has also extended the scheme introduced last year whereby car owners can regularise the license default until 31 December 2013.

 

Facts

Who benefits?

Cars that are newer than 2008 (Euro5) and cars that are older than 1982.

 

Euro Classifications:

  • Euro 1 (1993)
  • Euro 2 (1996)
  • Euro 3 (2000)
  • Euro 4 (2005)
  • Euro 5 (2008/9)
  • Euro 6 (2014)
 

All the above still has to be  approved by the House of Representatives.


Tags: malta, budget

Published in: News

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