RATES OF SPECIAL EXCISE DUTY ON CHANGE OF OWNERSHIP OF SECOND HAND MOTOR VEHICLES:
With effect from the 1st January, 2020, the amounts of excise duty payable on change of ownership of second hand motor vehicles are as per the table below:-
|
Number of Years |
Engine Capacity |
Special Excise Duty Rate ($) |
|
0-4 |
Up to 1000cc |
3,000.00 |
|
1001-1500cc |
4,000.00 |
|
|
1501-2000cc |
5,000.00 |
|
|
2001-2500cc |
6,000.00 |
|
|
2501-3000cc |
6,000.00 |
|
|
3001-3500cc |
6,000.00 |
|
|
Above 3500cc |
6,000.00 |
|
|
5-10 |
Up to 1000cc |
1,500.00 |
|
1001-1500cc |
2,000.00 |
|
|
1501-2000cc |
2,500.00 |
|
|
2001-2500cc |
3,000.00 |
|
|
2501-3000cc |
4,000.00 |
|
|
3001-3500cc |
4,000.00 |
|
|
Above 3500cc |
4,000.00 |
|
|
11-15 |
Up to 1000cc |
750.00 |
|
1001-1500cc |
1,000.00 |
|
|
1501-2000cc |
1,500.00 |
|
|
2001-2500cc |
2,000.00 |
|
|
2501-3000cc |
2,000.00 |
|
|
3001-3500cc |
2,000.00 |
|
|
Above 3500cc |
2,000.00 |
|
|
16-20 |
Up to 1000cc |
500.00 |
|
1001-1500cc |
750.00 |
|
|
1501-2000cc |
1,000.00 |
|
|
2001-2500cc |
1,500.00 |
|
|
2501-3000cc |
1,500.00 |
|
|
3001-3500cc |
1,500.00 |
|
|
Above 3501cc |
1,500.00 |
|
|
Above 20 |
All Engine Capacity |
500.00 |