| 12 Mar 2010 |
|
Hybrid cars tax exemption to be lifted on April 30
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AMMAN -- Hybrid cars entering the Kingdom after April 30 will be subject to the recent government decision cancelling part of the tax exemption on green vehicles.
to ensure importers have enough time to be prepared for the regulations, which imposes a 55 per cent tax on the vehicles.Some importers have complained that there are green cars en route to the Kingdom or still in their countries of origin, calling on the government to extend the deadline until the end of June.
Abu Hammour pointed out that the two-month period is "enough time" for cars to be shipped to the Kingdom.
Nabil Rumman, president of the Jordan Free Zone Investors Association, criticised the government's decision to cancel the exemption on environment-friendly cars, indicating that around 2,000 vehicles are on their way to the country.
According to the Cabinet decision, issued early this month, green cars in the local market, whether in free zones or showrooms, as well as cars on the way to the Kingdom and vehicles that are included in import agreements already signed before April 30, will be excluded from any decision that entails increasing fees on such cars.
The Cabinet also allowed owners of conventional fuel-driven cars to replace their vehicles with hybrids and pay 40 per cent of their value as tax. The standard "special tax" on conventional cars is 81 per cent of the listed value.
Automobile dealers have criticised the decision to cancel part of the tax exemption on hybrids, warning that demand on such cars will drop significantly and ultimately deprive the treasury of revenues.
© Jordan Times 2010
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