Cabinet endorses exemptions for mini-buses
AMMAN (Petra) - Owners of mini-buses that have passed their operational age can now purchase a new vehicle that will be exempted from customs tariffs in return for scrapping two old small cars, under a decision taken by the Cabinet on Tuesday. In addition, they will pay a reduced sales tax of 7 per cent. The decision, which does not apply to investment companies, was taken in line with the country’s strategy to replace old passenger mini-buses with safer, newer ones, in a bid to improve the transport system. During their weekly session yesterday, the Cabinet also decided to reduce the sales tax on locally manufactured transport vehicles to 4 per cent. In addition, the Council of Ministers decided to exempt passenger vehicles, which are re-exported to be replaced with newer ones, from income and service tax.
Type rest of the post here