Shipping over a car

[Crash Test Dummy]

I was wondering how much it would cost to import a 6 series BMW to Cyprus from the UK.

Taxes, Duty etc (Bribes maybe)

[ukexports]

Hi

To Import a BMW from UK, shipping would approximately cost 450 (GBP)

There is no Import VAT to pay on the actual car value in Cyprus if the car is imported from the EU

The only tax you pay is the usual tax which residents of Cyprus
pays on cars and that is based on engine CC size. Below is an example of Cyprus tax calculation

Excise duty is dependent on the CC`s not the value of the car. For a 2000cc car the excise duty is CYP £4340.00

IF you BuY 2 LITRE ENGINE YOU MEAN 2000 CC THEN PRESENT TAXATION IS AS FOLLOWS:

CY£ 2.70 PER CC IE 2000 CC X £ 2.70 = CY£ 5400

IF THE CAR IS LESS THAN 3 YEARS OLD YOU GET 20% DISCOUNT ON THE £5400

IF THE CAR IS FROM 3-5 YEARS OLD YOU GET NO DISCOUNT.

IF THE CAR IS OVER 5 YEARS OLD THEN YOU PAY 25% ON TOP OF THE £5400


Below link is details on Tax for CC engine size in Cyprus

http://www.mof.gov.cy/mof/customs/Customs.nsf/Main?OpenFrameSet


We are England (UK) based Car Exporter. We
locate and source cars in the UK and export all
new and used cars to trade or private clients in
Cyprus. We deal with the entire process from
purchasing the vehicle to shipping them to the
clients in Cyprus.

We work in conjunction with a vast network of
car dealers across the UK.

Prestige Car Exports (UK)

Tel: 44 ( 0 ) 7727639229
Fax: 44 ( 0 ) 7075767503
Email: yas_pat@yahoo.com

Website: http://www.buycar.com.cy/dlrcarview.php?x_OWNER_ID=333&z_OWNER_ID=%3D%2C%2C

[brother]

That was helpful info, thanks.

[zabani kopec]

Think some new legislation from pressure from the EU may be coming in, not sure tho but this may help

Cyprus car import duties
LOWER tax rates on new and second-hand cars are expected to be approved by Parliament at the end of the month, opening up the car market on the island and bringing it into line with the rest of the continent.

Under the threat of massive fines from the EU for discriminating against used car importers by charging unjustifiably high registration taxes that ignore the depreciation of the vehicle’s value, the new rates will make buying a car in Cyprus considerably cheaper.

According to yesterday’s Phileleftheros newspaper, the reductions are as follows: a car with an engine capacity up to 1650cc will be taxed at 40 cents per cc (down 10 cents), 1650cc-2500cc will have a tax rate of £2.50 per cc, while 2500cc and above will be taxed at £4.50 per cc, compared to £8 currently for vehicles over 2650cc. This means a car with a 2.7 litre engine will be subject to a £12,500 tax bill rather than the current £21,600.

The Finance Ministry said that although, in theory, revenue from taxes will be less, the expected boost to the market will cover any losses.

A spokesman at Customs headquarters was yesterday unwilling to confirm the accuracy of the figures cited by the paper, saying full details would be released after the bill goes before Parliament.

Cyprus is moving to change its law as the European Court of Justice last week ruled that Hungarian registration duty was contrary to community law in so far as it imposes a heavier burden on imported used vehicles than on similar used vehicles already registered in Hungary.

But Soteris Kolettas, Director of the Road Transport Department, explained that the ruling “would not have any effect on the Cyprus market, as we don’t impose heavier duties on second hand cars.”

Up to now, anyone who imports a second hand car to Cyprus from a foreign country must pay the same registration tax as they do on a brand new vehicle, which could even mean that the registration tax alone is greater than the car’s value.

For example, if you bought a new car in Cyprus four years ago for £20,000 (£15,000 retail price and £5,000 registration tax) and the car depreciates to a present value of £10,000, then the registration tax to import a comparable car to Cyprus should be £2,500 (half of the £5,000 registration tax for the new car). In other words, the amount of registration tax should be proportional to the second-hand market value of the car.

At the moment, however, Cyprus customs law states that if you import a car that is up to one year old, then you get a 15 per cent discount; if the car is between one and three years old, you get a 20 per cent discount; if it is from three to five years old you get a zero per cent discount; and if over five years old you get a 25 per cent penalty.
According to the law, goods in free circulation in the EU can move from one member state to another without payment of further import duty. Certain goods are said, however, to be subject to ‘excise duty’, even if they arrive from another member state of the EU. Used motor vehicles are one such good.

Duty is based on engine capacity, and is dependent on which of the given bands of engine capacity the vehicle falls within. This figure is then raised or decreased according to carbon dioxide emissions.

Worse for the consumer, a tax scheme introduced in late 2003 made regular passenger vehicles and their road tax cheaper, while proving very costly for specific groups.
For instance, the owner of a four-litre SUV was forced to pay between £450 and £500, even if the vehicle was 18 years old.

Used car dealers are said to favour the gradual abolition of all import duties. Most of them feel that, by conforming to EU law on registration tax, the used car market in Cyprus would become more competitive, benefiting both the car dealers, who face protectionist domestic used car competition, as well as the buyers who must shoulder the burden.

The new rates are in part aimed at avoiding penalties from Brussels, but are also a step towards adopting the EU’s long-term plan of eradicating all import duties for vehicles inside the bloc and transferring this onto road tax or fuel consumption tax

mod note: advertising link removed.

[brother]

Thanks for that info.

[pg]

It's about 10 days since the new rules were voted through parliament.

What I remember is that for a 4 years old car there is 50% discount on the tax. Less discount for newer cars, more for older.