Citizens are beginning to see the consequences of the adjustment to the Vehicular Environmental Pollution Tax. Now, owners of vehicles of more than five years of fabrication and a cylinder capacity exceeding 2 500 cubic centimeters (cm3) must pay a larger amount along with the annual registration tax.
The law opened a transition period for larger displacement vehicles to have a discount and do not pay the real value of the tax.
The second transitional law established a 80% discount on the tax payment, a benefit that ended last year. Since 2015 it was reduced to 50% and will remain so until 2016.
During these two years, motor vehicles that have a cylinder capacity greater than 2500 cm3 and are more than five years old, counting from the year of fabrication, have a 50% discount in the AEFI value. The discount was 80% until last year.
The tax calculation is obtained by taking into account two tables: one of the rate per cylinder capacity and another by the number of years.
For example, a vehicle with a displacement of 4000 cm3 and of 2003 shall pay USD 630 per year. On this amount a 50% discount is applied for the transitional provision applies, so the user would pay USD 315 this year. In 2014 the same car would have paid only $ 126.