TAXATION

Road tax by the month to be activated in May

Road tax by the month to be activated in May

The 120,000 car owners who have taken their vehicles off the road will be able to use them again as of May by paying a reduced road tax.

Straight after Easter the Finance Ministry will activate the mechanism for the monthly payment of the tax for any owners wishing to take it up.

Payment and return to the road will be done without any penalties imposed. Therefore, charges for three months will be a straightforward three-twelfths of the annual road tax, six months will amount to half the annual amount etc.

The choice of the number of months may not be adjusted during the year, as the declaration of months on the road is allowed once a year.