Govt announces incentives to promote non-fossil fuel powered vehicle imports

The government has announced the incentive structure to promote importation of vehicles powered by non-fossil fuel, as announced in the 2018 budget. The new formula for import taxes on vehicles, will be levied based on the engine capacity instead of the ad valorem rate rationalising the tax base on vehicles. In addition, the Loan To […]

Govt announces incentives to promote non-fossil fuel powered vehicle imports

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