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Auto industry calls for delay in new carbon tax

2015-10-27 17:59:29| Auto Dealers - Topix.net

KEY PLAYERS in the automotive industry have urged the government to postpone restructuring excise taxes on cars and trucks based on their CO2 emissions. When a 2012 Cabinet resolution becomes effective on January 1, 2016, automobiles releasing more than 200 grams of CO2 per kilometre will be taxed at a rate of up to 40 per cent of a vehicle's price compared to only 17 per cent for those classified as eco-friendly models.

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Category:Automotive

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