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In the wake of a marked preference of personal vehicle owners, more so after the hike in petrol prices, the Finance Ministry is having a re-look at the Petroleum Ministry's proposal to hike the excise levy duty on diesel cars so as to disincentivise
Insurers can't cancel the current insurance and issue fresh policies Come April 1, the premium rates for motor third party liability only cover will undergo an upward revision...The premium rates are calculated on the basis of a specified formula...
The adoption of adjusted taxes for vehicles and vessels under a new law is intended to contribute to efforts of energy conservation and emissions reduction in China, a government statement said. The Vehicle and Vessel Tax Law, effective Jan 1, will
Passenger vehicle sales in October showed the steepest year-on-year decline since 2008, as the government tightened up its 2-year-old subsidy policy for fuel-efficient models. Sales of sedans, sport utility vehicles, multipurpose vehicles and
The government said that drivers of cars that are 12 or years old or more will be able to take advantage of the scheme and earn a discount of up to 2,800 euros on the purchase of a new vehicle...The October drop in new car sales reached 57.8 percent,
Finance minister Uhuru Kenyatta will now decide whether to sell them by open tender or public auction amid claims that a number of the cars had been sold discreetly at the Chief Mechanical Engineer’s compound in Industrial Area. However, transport
It is applicable with retrospective effect, from April 1 2009. The guidelines cover every perk: home accommodation to gifts to educational benefits. The most important change, though, is taxation of car facilities. Most other perks can be easily