Finance Minister Colm Imbert said that all private motor cars will now attract customs duty, motor vehicle tax, VAT with the lowest rates of duty and tax being imposed on hybrid cars, electric cars, CNG cars, and small engine cars below 1,500cc, to encourage their use.
He made the announcement during the 2020/2021 Fiscal Budget presentation in Parliament on Monday.
Minister Imbert said this new measure will come into effect from October 20, 2020.
Meanwhile, documents which were leaked on Tuesday October 6th, showed that a sitting Member of Parliament was granted concessions of close to $300,000 on the purchase of a Ford Mustang Coupe with a market price value of $599,893 back in 2017.
Today, what appeared to be an old video making its rounds on social media showed the Attorney General, Faris Al Wari explaining where and what the vehicles would be used for.
The AG said because Parliament Members are constantly on the road, in and out of their constituencies; the vehicles are used solely for that purpose.