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REGISTRATION TAX & ROAD LICENSE FOR
MOTOR DRIVEN VEHICLES

Racing cars

Stated Aim:

To regularize the position of motor racing enthusiasts.

Measure:

Reduction in Vehicle Registration Rate for specially equipped racing cars by 6.5% instead of the current rates of between 50.5% and 75%.

Naturally, given that these specially equipped cars are not driven on public roads, there will be no payment of road license in their regard.

Vintage Cars

Stated Aim:

To encourage the preservation and restoration of vintage cars for exhibition purposes.

Measure:

All classic, vintage or authentically veteran vehicles and motorcycles will be subject to new registration tax rates:

Vehicles manufactured pre- 1/01/1951: 11% - 16.5%

Vehicles manufactured 1/01/1951 - 31/12/1970: 50%

of the rate registration;

Road licenses for the above vehicles is reduced by half.

Back to Budget 2003 Index

 

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