Car-scrapping plan extended to May 20
The government has decided to extend its vehicle-scrapping scheme, in which it subsidizes the new car purchases of owners who take their old vehicles off the roads, until May 20, although the subsidy will be cut by 50 percent from last year.
The measure will be brought to Parliament in the next few days, and, once signed by Finance Minister Euclid Tsakalotos, will apply retroactively from January 1 – bringing great relief to the thousands of prospective buyers who have the scrapping documents but were unable to proceed with their new acquisitions.
That paper will be accompanied by an amendment providing for a new extension until December 31 for the customs clearance of used cars meeting the Euro 5 directive on low emissions.
Tsakalotos has also signed a decision for the establishment of a committee that will submit proposals concerning legislative interventions in the overhaul of vehicle taxation, which will include road tax.
The commercial value of each vehicle will be the criterion for the calculation of registration tax, road tax and the income estimates based on assets such as vehicles owned.
Sources say that engine size will no longer matter for the calculation of those taxes. The committee will have to submit its proposals to the ministry by April 29.
You may be interested
Crete is the most popular holiday destination for BritsPanos - Jan 21, 2021
Crete is the most popular holiday destination for this year’s tourist season for the Brits, according to online searches made in…
Fastest Brand Growth in 2020 (infographic)Panos - Jan 21, 2021
2020 has been a pivotal year for various brands in the U.S. A new report of the fastest-growing brands shows…
Putin dips into freezing waters for Epiphany feastPanos - Jan 21, 2021
The Russian Orthodox Church celebrated the Epiphany on the night of January 18-19. Taking off his warm coat and under polar…