Cyprussunset
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Founded Date November 28, 1996
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Car Import to Cyprus Taxes Registration Fees Guide
Car Import to Cyprus Taxes Registration Fees Guide
Declaring a foreign vehicle upon arrival requires accurate calculation of applicable duties based on engine size, age, and CO2 emissions. The levy is progressive, starting from approximately 0.5% for vehicles with low emissions and rising sharply for models exceeding 200 g/km. A precise emissions certificate from an authorized lab is mandatory for correct tariff classification.
Registration duties include a fixed administrative charge currently set at €30, payable at the Department of Road Transport. Additional payments cover license plates, roadworthiness inspection, and compulsory insurance. Expect overall expenses between €200 and €600 depending on vehicle specifics.
For non-residents staying more than 90 days, permanent resident rates apply, entailing higher taxation thresholds and stricter compliance documentation. Temporary permits are available for shorter stays but do not exempt holders from contributing to the road fund via a proportional tax.
Preparedness with all required paperwork, including title certificates, previous registration documents, and valid insurance policies, expedites approval and reduces unexpected expenditures. It is advisable to consult with local authorities or authorized agents to confirm recent updates to customs regulations and levies.
Calculating and Paying Import Duties for Vehicles Brought into Cyprus
To determine the amount payable on vehicles entering the island, start with the engine capacity and CO2 emissions, as these factors heavily influence the overall charges. For petrol engines, the rate increases progressively with cubic centimeters, while for diesel, stricter emission-related coefficients apply. Be aware that older models may incur higher tariffs due to pollution-related levies.
The calculation formula combines excise duty with Value Added Tax, levied on the combined sum of the vehicle’s customs value plus excise amount. Customs valuation typically follows the transaction cost, including shipping and insurance, ensuring an accurate taxable base. Ensure all accompanying import documentation clearly states these figures to avoid recalculations.
Excise Duty Breakdown
Excise duties range from 5% for engines up to 1,200cc, scaling up to 37% for units exceeding 3,000cc. For example, a 1,400cc engine will attract approximately 15% levy. Diesel-driven vehicles face a surcharge depending on NOx output, potentially increasing total charges by up to 10%. Hybrid models benefit from reduced rates, sometimes as low as 50% of standard rates, reflecting ecological incentives.
Value Added Tax and Payment Procedures
After excise duties have been established, an additional 19% VAT applies to the cumulative sum of the vehicle’s value and excise cost. Payments must be coordinated through the Customs and Excise Department, either electronically or in person. Early submission of all invoices and certificates minimizes processing delays.
Failure to settle the financial obligations on time results in penalties calculated daily. Retain all receipts and official clearance documents for registration purposes. Consulting with authorized agents can expedite the process and ensure compliance with the local revenue office’s stringent requirements.