Home     News    Malta    Careers    Contact Us

   the firm      expertise      people      library      news      malta      careers

 

     

Malta Budget Report 2003
2 0 0 3

REGISTRATION TAX & ROAD LICENSE FOR
MOTOR DRIVEN VEHICLES

Racing cars

Stated Aim:

To regularize the position of motor racing enthusiasts.

Measure:

Reduction in Vehicle Registration Rate for specially equipped racing cars by 6.5% instead of the current rates of between 50.5% and 75%.

Naturally, given that these specially equipped cars are not driven on public roads, there will be no payment of road license in their regard.

Vintage Cars

Stated Aim:

To encourage the preservation and restoration of vintage cars for exhibition purposes.

Measure:

All classic, vintage or authentically veteran vehicles and motorcycles will be subject to new registration tax rates:

Vehicles manufactured pre- 1/01/1951: 11% - 16.5%

Vehicles manufactured 1/01/1951 - 31/12/1970: 50%

of the rate registration;

Road licenses for the above vehicles is reduced by half.

Back to Budget 2003 Index

 

 

  

Terms of Use      Privacy Policy      Services      Links      Member Login      Malta Law Firm      Client Login      Contact Us

backtop Chetcuti Cauchi Advocates, Malta. All rights reserved.

     Legal Firm in Malta     Award Winning Malta Law Firm      City Wealth Leading Law Firms in Malta     .

Malta Company Formation - Malta Tax Advisors - Malta Law Firm