The Ministry of Finance, the Economy and Investment has said today that the rates of registration tax for Category M1 vehicles (passenger cars) and N1 (goods carrying vehicles) with euro 5 or 6 emission levels and motorcycles have been reduced as shown in the tables below.

The new rates are effective as from the 29th November, 2012 (Budget Date) and persons who have already registered any such vehicle will be refunded the difference between the rates as they were prior to the 29th November and the new rates.

1. Registration Tax for Category M 1 vehicles (passenger cars)2. Registration Tax for motorcycles

No registration tax shall be paid for motorcycles with an engine cubic capacity up to 250cc. Motorcycles with an engine capacity in excess of 250cc also had their registration tax reduced.3. Registration Tax for Category N1 Vehicles (goods carrying vehicles) with a maximum authorised mass up to 3,500 kg and with Euro 5 or 6 emission levelsThe Government will be refunding through Transport Malta all vehicle owners who have registered an M1 vehicle (passenger car) or an N1 (goods carrying vehicle) with a Euro 5 or 6 emission level or a motorcycle and have paid the higher rates.

Refunds would apply to those persons who registered an M1 vehicle between the 29th November, 2012 and the 13th January, 2013, and to those who registered an N1 vehicle or a motorcycle between the 29th November, 2012 and the 1st March, 2013.

Transport Malta will be re-calculating the additional registration tax paid between the previous rates paid (during registration) and the new rates.

Permalink: Lower car and bike registration tax rates come into force