Owners of luxury goods get more time to pay tax

A quarter of a million taxpayers who own vehicles with an engine capacity of 1,929 cc or over, or swimming pools or aircraft will now have until the end of January to pay their “luxurious living tax,” which will be paid in a lump sum, but with a small (1.5 percent) discount.

The Finance Ministry made the decision the extend the deadline for the payment of the levy, which this year will concern both 2012 and 2013, as it wishes to minimize overdue tax debts.

The ministry started sending out payment notices for the luxury tax in the last few days, but taxpayers can also print the notice from the website of the General Secretariat of Information Systems using their Taxisnet access codes.

The tax does not apply to cars with an engine capacity of 1,929 cc or more that were registered before the end of 2002, nor to vehicles for the disabled, which are exempt from road tax.

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