Cyprus Mail
Cyprus

Car tax deadline

There's a 30 euro fine for those missing the car tax deadline

THE STATE expects to raise around €100 million from road tax – €10million more than last year – despite the increase in the number of cars being taken off the road.

The deadline for paying the road tax expires at midnight on Monday. Failure to meet the deadline will entail a €30 fine plus10 per cent of the tax amount.

The punitive penalty seems to have worked.

“It appears that almost all owners have renewed their road permit,” said senior road transport department official Yiannis Nicolaides on Monday.

The department expects to raise more cash than last year due to a special levy introduced earlier this year.

“Compared to last year we expect to collect an additional €10 million,” the official said.

The total for 2013 was around €90 million.

However, as the economic crisis deepens, more and more people have chosen to take their vehicles off the road.

Some 50,000 people have opted to immobilise their vehicles, 15,000 more than last year, Nicolaides said.

“We think it is also the result of a campaign we have embarked on for the past three years to inform people of their right to immobilise their vehicle and not pay road tax since they will not be using it,” he said.

 

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Source: Cyprus News Agency

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