Cyprus-Forum.com

[Spetz]

Considering purchasing a car
And I have been living 11 years abroad. By the time I actually buy the car it will be about 12

And just wondering does that mean I am exempt from tax?
Or does that mean I need to pay the tax on a car at a later stage?
And consequently pay less tax as a car gets older etc?

Also, if that is the case, any way to purchase a tax free second hand car?
Or is this only on a fresh grey import where tax has not been paid on it yet?

Thanks

[Get Real!]

I hope this helps...

http://www.mof.gov.cy/mof/customs/Custo ... nguageNo=1

[Spetz]

Not quite
As I am wondering about buying a car here rather than shipping one over

I'll go through that site though

Thanks

[Get Real!]

Got it!

Relief on vehicles for Cypriots

In this guide you will find useful information on the exemption from duties and taxes on vehicles for:

Citizens of the Republic who during the last twelve years preceding their arrival in the Republic have worked abroad after the 20 th of July 1974 for a total period of at least ten years.

Repatriated Cypriots who return to take up permanet residence in Cyprus after permanet residence abroad for a continuous period of at least the last ten years, priot to their arrival for resettlement in Cyprus.

Persons of Cypriot origin in the male line who arrive to take up permanent residence in Cyprus after permanent residence abroad for a continuous period of at least the last ten years, priot to their arrival to settle permanently in Cyprus.

http://www.mof.gov.cy/mof/customs/custo ... nguageNo=1

[Spetz]

Nice nice
And, does that mean exempt from all tax?
As I was reading somewhere that only up to 7,000 CYP

Thank you very much for the help

[Spetz]

oh,
PS, does this mean I can buy car after car like this or is it just the first car?

I assume just 1 car

[Get Real!]

Nice nice
And, does that mean exempt from all tax?
As I was reading somewhere that only up to 7,000 CYP

Thank you very much for the help

I was in the same spot as you back in 2002 after a 15 year absence from Cyprus so I went to the relevant govt dept/body and requested forms and info and after reading through I decided against getting a tax-free car. I know it sounds crazy but I did evaluate the matter thoroughly back then but I can't remember the details today to argue the case. Anyway, good luck with everything and do let us know how you go when the time comes.

[Get Real!]

oh,
PS, does this mean I can buy car after car like this or is it just the first car?

I assume just 1 car

I remember well that you've only got 1 year to act from the day you land but I don't recall any restrictions about numbers!