Cyprus Auto News

Cars from member states of the European Union - On payment of excise duties and VAT

1. Community status of the vehicle
Goods in free circulation in the EU move from one member state to another without payment of further customs import duty. To be exempt from paying further import duty in Cyprus, proof of Community status of the goods must be provided. If you are transferring to Cyprus a car for private use from another member state, you may prove its Community status by producing:

• T2L or Τ2LF document; or
• the number plates and the vehicle registration document issued by previous member state.

The T2L or Τ2LF document can be obtained from the previous member state Customs Service or through your vehicle supplier or shipper. Read the rest of this entry »

Total registrations of motor vehicles increased by 31.7% in the first quarter of 2007 to 16,325, compared with 12,395 vehicles in the same period of 2006. The boom has come as a result of wide-ranging cuts on all car duties implemented in late 2006.

The government’s cut in excise duties was prompted by the need to cut import taxes on second hand cars after the European Commission said that the high duties on second hand cars were unjustified.
Registrations of private saloon cars increased by 31.6% to 12,262, from 9,316 in January-March 2006.

Read the rest of this entry »