New vehicle registration system 'being finalised'
Finance minister Tonio Fenech this afternoon reminded the Association of Car Importers that the government has committed itself to review the present motor vehicle registration and licensing system to one in which smaller, cleaner and newer vehicles will be fiscally preferred.
The minister in a statement said that those vehicles that have been registered on or after January 1 will have the option to migrate to the new system and any refund due on extra registration tax that would have been paid will be credited against the annual circulation fees.
"While the government acknowledges the fact that there is an expectation for the new system to be implemented at the earliest possible, any serious reform can only be presented after the necessary studies and consultations have been carried out," said Mr Fenech.
The government is now finalising the technical and legal aspects of the new system, including the valuation of imported used vehicles and the setting up of an IT structure that is expected to support the new system.
The draft of the new system will be presented to the stakeholders for any final reviews and will be presented in the budget speech.
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Jan Sammut
Aug 11th 2008, 11:15
@ Matt Bonello
Why should having more than one car incur "a huge amount of tax". it's not like you can drive more than one car at a time!
john borg
Aug 9th 2008, 23:16
european countries have widely different systems to compute the co2 tax amount , now they are discussing the harmonizing of such systems in one that is adequate for all member countries.......ours is almost ready for launch....and ready to be changed at the same time!!!!!
Matt Bonello
Aug 9th 2008, 19:11
The objective should be to renew the island's present car fleet, while at the same time not increasing the number of cars, which is already way beyond the limit. At the same time, Government will want to increase or at least keep the current income from car taxes. So new cars should be made cheaper, and taxes based on age, to encourage shorter car life. Besides, having more than one car should attract a huge amount of tax. Period.
John Agius
Aug 9th 2008, 18:57
@Grima:
What talk?
In less than 2 months, Minister Fenech delivered a draft proposal, that is now being discussed. And in less than 3 months, he is promising the final thing.
That's taking a commitment, not words in thin air. So what's the problem here?
Alfred Grima
Aug 9th 2008, 17:44
Minister Tonio Fenech should first and foremost cut all this talking and stick to all commitments he and his Party had done prior the General Election. When they do so we start believing that the PN didn’t take us ALL for a ride. Minister Tonio Fenech should
L Galea
Aug 9th 2008, 17:13
The plan is for the Government income not to decrease.
It will be the same as happened when import duty was removed, only to be replaced with the registration tax.
robert Brincat
Aug 9th 2008, 17:03
I do not agree with the can importers that the tax should be only on the age of the car. In Malta we have a huge problem with parking, congestions and pollution, and the govt. is correct to tax the size of the car. This way a buyer will immediately know how much he is going to pay. If tax is based heavily on the age of the car, then it will kill the second hand car market, and an owner can neither get rid of his car, and cannot afford to buy a new one.
effie carbonaro
Aug 9th 2008, 16:47
car importers said that with this new measures the car prices will remain the same.what kind of reviewing is this?