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Hybrid vehicles owners will pay a reduced tax (50% to 100% reduction). Electric vehicle and Classic car owners will pay no tax at all. All vehicle owners get a 10% reduction if they pay the tax before May 1 (which is the deadline for paying the vehicle tax).
Taxes in Cyprus are levied by both the central and local governments. Tax revenue stood at 39.2% of GDP in 2012. [1] The most important revenue sources are the income tax, social security, value-added tax and corporate tax, and are all collected by the central government. Income tax is levied on a progressive rate.
Heavier vehicles use a distance-based tax rate on all types of roads, called the performance-related heavy vehicle charge [de; fr]. Switzerland only offers a vignette valid for a year (from December of the preceding year to the January of the following year) at CHF 40 (€41.92).
A maximum fine of £1,000 applies for failure to pay the tax, though in practice fines are normally much lower. In June 2005 the government announced plans to adopt a road user charging scheme for all road vehicles, which would work by tracing the movement of vehicles using a telematics system.
Cyprus Motorway logo. Since the arrival of the first motor cars on the island in 1907, [1] Cyprus has developed a modern road network. According to 2002 statistics, the road network in the Republic of Cyprus-administered areas of Cyprus consists of about 7,206 km of paved and 4,387 km of unpaved roads.
The report also emphasized that both tire taxes and vehicle mile traveled taxes would have to be rated based on weight-per-axle to properly distribute wear-related costs of highway use. In late 2012, Oregon conducted a second road user fee pilot. The pilot was completed successfully in January 2013. [17]
The vehicle registration plates of Cyprus are composed of three letters and three digits (e.g. ABC 123). A simple incremental numbering system is used; numbers run from 001 to 999 per letter sequence (alphabetic), so that, for example, the plate to be issued after MAA 999 would be MAB 001 .
A Cyprus licence is valid in all EU member states. They are printed on paper but new licences are now plastic credit card style, show the holder's photograph and have the standard EU vehicle categories and EU logo. Offences such as speeding and drink driving are strictly policed and penalty points can be imposed on driving licences when caught.