Parliament is expected on Thursday to extend the deadline for renewing road tax and make March 9 the final payment date from now on.
The current law calls for road tax to be paid within 40 days from the expiry date, Chairman of the House Transport Committee Antonis Antoniou said. MPs are looking to change the deadline to 70 days, or March 9.
The deadline for payment is usually the beginning of February but parliament traditionally extends it for a month.
Parliament will also discuss a proposal to cut the late penalty from €30 to €10. Late payments are also penalised with a surcharge of 10 per cent on the amount of the road tax.
An extension will also be given to those who have not paid arrears that were due in July 2014. They will be given until March 31.