Two more years of VAT free electric cars

01.10.2018 - 15:48
Aktuelt
Two more years of VAT free electric cars
People who buy an electric or hybrid car will have the VAT refunded in 2019 and 2020, according to new bill
 
 

Finance minister Kristina Háfoss last week presented a bill to Parliament regarding tax credits for electric and hybrid cars.

Since 2017, it has been possible to reclaim the VAT after buying an electric or hybrid car. The maximum refund amount is limited to DKK 70,000.

The new bill is essentially a two-year extension of the 1 January 2019 tax credit deadline for electric and hybrid cars.

Electric and hybrid cars are becoming increasingly affordable, and it is believed that after 2020 there will no longer be a need for state subsidies.

Owners of electric or hybrid cars are currently exempted from paying registration fees, road charges and green taxes. The new bill also seeks to extend these perks for another two years.

To qualify for these VAT rebates, a vehicle must be registered before 1 January 2019.

Today there are 66 electric cars registered in the Faroe Islands.

Translated by prosa.fo

Nýggjastu sendingar í ÚV
Sunnudag 9. desember
Bolero
88715
Nýggjastu sendingar í SV
Sunnudag 9. desember
Andaktin
88722
Sunnudag 9. desember
Møti úr Betesda í Klaksvík
88713
Leygardag 8. desember
Hvat bagir? (6:8)
87235
Fríggjadag 7. desember
Úr savninum: Flak til tann kræsna 4:5
88668
Hósdag 6. desember
Gud man ráða, hvar vit drekka...! 2:2
88638