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The exemption from the payment of excise duty on motor vehicles is being proposed for extension to six months in a bill to amend the law on motor vehicles registration tax.
The bill proposes the exemption to be extended for vehicles registered and licensed in other States and which are temporarily brought into Malta. It aims at giving the opportunity to owners of self-drive vehicles for short-term hire and of chauffeur-driven vehicles who have used such vehicles for other purposes to regularise their position by paying an additional registration tax of 17.5 per cent.
According to the law, temporary registered vehicles have to be declared in writing as a motor vehicle which is imported, only to be later re-exported. If after ninety days from the day of importation the importer fails to present all the documents proving that the vehicle was in fact re-exported before the expiry of the 90-day period, additional tax will have to be paid.
The current proposals have extended the definition of those motor vehicles brought in to Malta which do not fall under the act. These included any registered vehicle brought temporarily for not more than six months in any 12 consecutive months by persons whose normal residence is outside Malta, or students whose normal residence is outside Malta. Goods vehicles registered in the EU will also be exempt, as well as passenger motor vehicles brought into Malta to carry out international carriage of passengers. |
