Malta Environment Friendly Tax Measures - Budget 2003

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December 03 08:46 2015 by The Editor Print This Article



Environment Friendly Tax Measures

Electrically-driven vehicles
Currently: Registration Tax on hybrid vehicles (consuming fuel & battery energy): 16.5%
Measure: Completely electrically-driven vehicles will be completely exempt from Registration Tax and exempt from the Valletta entry-permit tax for the next 5 years.
Products that benefit the Environment
Aim: To encourage use of environment-friendly products.
Measure: Reduction of mport duties as follows:
  • Recycled paper & bleach-free paper: 0%;
  • Degradable refuse bags: 6.5%;
  • Shopping bags manufactured from recycled paper & carton: 3.7%;
  • Consumption-reducing electricity bulbs: 2.7%.
Road License for Battery Operated Mopeds
Measure: Removal of road license for battery operated mopeds.
Incentives for improvement of property registered under Voluntary Registration Scheme: Valletta, Floriana and Cottonera
Context: National average vacant/dilapidated tenements: 6% of residential units
  • Senglea, Cospicua: 11%
  • Valletta, Vittoriosa: 26%
  • Floriana: 15%.
Aim: To incentivise applicants of Voluntary Registration Scheme to rehabilitate their tenements.
Measure: Refund of VAT payment on cost of works requiring Full Development Permit from MEPA.