Draft legislation in Parliament to raise vehicle tax by 18.18 per cent

December 03, 2015 8:13 AM
PHILIPSBURG--Draft legislation has been submitted to Parliament to increase the annual motor vehicle tax by 18.18 per cent per category.
 
Finance Minister Richard Gibson said the legislation had been prepared before he took office about two weeks ago.
The draft legislation proposes that the motor vehicle tax for motorists with number plates M, P, SXM, MR (ministers) and PAR (parliament), which currently stands at NAf. 275 for gasoline-operated vehicles, be increased to NAf. 325 and for diesel fuel-operated vehicles from NAf. 750 to NAf. 885.
 
It is proposed that the tax for vehicles with R (rental) plates that currently stands at NAf. 300 for gasoline-operated vehicles be increased to NAf. 355 and for diesel fuel-operated vehicles from NAf. 750 to NAf. 885 per annum.
 
The tax for T (taxis), BUS, G (group), T (tour buses with 35 passengers or less) plates is proposed to be increased from NAf. 275 to NAf. 325 for gasoline-operated vehicles and from NAf. 550 to NAf. 650 for diesel fuel-operated vehicles.
 
Tax for vehicles with V and Z plates that weigh more than 3,500kg is proposed to go up from NAf. 1,250 to NAf. 1,475 per annum for gasoline- or diesel fuel-operated vehicles.
 
The tax for vehicles with V plates that weigh less than 3,500kg is proposed to go up from NAf. 275 to NAf. 325 for gasoline-operated vehicles and from NAf. 750 to NAf. 885 for diesel fuel-operated vehicles.
 
The fee for MF (motorbike) plates is proposed to go up from NAf. 200 to NAf. 235 and for MF (moped) plates from NAf. 50 to NAf. 60.
 
The draft legislation is proposed to be retroactive to January 1, 2016. It could not be ascertained whether the draft legislation will be handled in Parliament and when it is estimated to go into effect.
 
In the meantime, the price for the number plates is expected to remain the same at NAf. 12.50 for all types of vehicles and NAf. 7.50 for motorbikes.
 
The Daily Herald

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