RATES OF SPECIAL EXCISE DUTY ON CHANGE OF OWNERSHIP OF SECOND HAND MOTOR VEHICLES:
With effect from the 1st January, 2016, 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 (US$) |
|
0-4 |
1000cc |
300 |
|
1001-1500cc |
400 |
|
|
1501-2000cc |
500 |
|
|
2001-2500cc |
600 |
|
|
2501-3000cc |
600 |
|
|
3001-3500cc |
600 |
|
|
Above 3501cc |
600 |
|
|
5-10 |
1000cc |
150 |
|
1001-1500cc |
200 |
|
|
1501-2000cc |
250 |
|
|
2001-2500cc |
300 |
|
|
2501-3000cc |
400 |
|
|
3001-3500cc |
400 |
|
|
Above 3501cc |
400 |
|
|
11-15 |
1000cc |
75 |
|
1001-1500cc |
100 |
|
|
1501-2000cc |
150 |
|
|
2001-2500cc |
200 |
|
|
2501-3000cc |
200 |
|
|
3001-3500cc |
200 |
|
|
Above 3501cc |
200 |
|
|
16-20 |
1000cc |
50 |
|
1001-1500cc |
75 |
|
|
1501-2000cc |
100 |
|
|
2001-2500cc |
150 |
|
|
2501-3000cc |
150 |
|
|
3001-3500cc |
150 |
|
|
Above 3501cc |
150 |
|
|
Above 20 |
All Engine Capacity |
50 |