Examples - how to calculate excise duty
The following examples have been supplied by Customs and will help you to understand better how excise duty on vehicles is calculated. In all examples it is assumed that the importer has proved EU Community status of the vehicles.
Example 1:
A used saloon vehicle is 9 months old at the time of its transfer in to Cyprus from the United Kingdom on the 15 May 2004.
The cubic capacity of its engine is 1789 cc and the carbon dioxide emissions are 180 gr/km.
The excise duty payable is calculated as follows:
1789 x 2,70 Cyprus pounds = 4.830
This amount is reduced by 15% because of its age, i.e.:
4.830 Cyprus pounds– (4.830 Cyprus pounds x 15%) = 4106 Cyprus pounds
Additional excise duty 1789 x 0,01 Cyprus pounds = 18 Cyprus pounds
Total excise duty payable 4.106 Cyprus pounds + 18 Cyprus pounds= 4.124 Cyprus pounds
Example 2:
A used saloon vehicle is 6 years old at the time of its transfer in Cyprus from the Germany on 2 June 2004. The cubic capacity of its engine is 2499 cc.
The excise duty payable is calculated as follows:
2499 x 5,50 Cyprus pounds
= 13.745 Cyprus pounds
This amount is increased by 25% because of its age, i.e.:
(13.745 Cyprus pounds x 25%) = 3.436 Cyprus pounds
No certificate for the carbon dioxide emissions has been produced and therefore the excise duty is increased by 10%, i.e. {(13.745 Cyprus pounds
+ 3.436 Cyprus pounds
)} x 10%) = 1.718 Cyprus pounds
Additional excise duty 2499 x 0,01 Cyprus pounds
= 25 Cyprus pounds
Total excise duty payable: 13.745 Cyprus pounds
+ 3.436 Cyprus pounds
+ 1.718 Cyprus pounds
+ 25 Cyprus pounds
= 18.924 Cyprus pounds
Example 3:
A brand new van having an engine cubic capacity of 2150 cc was purchased from France for 5.000 Cyprus pounds. The transportation cost to Cyprus and the relevant insurance during the voyage was 500 Cyprus pounds.
The excise duty payable is calculated as follows:
2150 x 0,75 Cyprus pounds = 1.613 Cyprus pounds
Additional excise duty 2150 x 0,01 Cyprus pounds = 29 Cyprus pounds
Total excise duty payable: 1.613 Cyprus pounds + 22 Cyprus pounds = 1.635 Cyprus pounds
VAT is also payable on this van, which is calculated as follows:
(Purchase price + transportation costs and insurance + excise duty) X 15% = (5.000 Cyprus pounds + 500 Cyprus pounds + 1.635 Cyprus pounds) x 15% = 920 Cyprus pounds
Don't forget that you will have to add the non customs expenses:
Registration fees
Circulation Licence (Road Tax)
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