AMMAN
— The 10 percent increase in customs duties and taxes on hybrid vehicles from
January 1, 2022 will have negative repercussions on the car market in Jordan, said head of the
Free Zones Investors Authority, Muhammad Al Bustanji, according to Al Ghad
News.
اضافة اعلان
A
decrease in demand for hybrid cars by between 60 to 70 percent in expected if
the decision is implemented, Bustanji said in an interview with Hala News. He
explained that the prices of hybrid cars will rise according to the type and
value of the car by at least 1,000 dinars per vehicle.
Bustanji
said the investors authority sent three letters through the Ministry of Finance
asking the government withdraw its decision or to implement it over a two-year
period, because of its negative consequences on the market.
As
per the government’s decision issued in 2018, there is an incremental increase
in fees, which rose to 35 percent in 2019, then 40 percent in 2020, 45 percent
in 2021, and finally tops 55 percent in 2022.
Bustanji
said that demand for vehicles in the Jordanian market today is very good after
many sectors reopened, and students went back to their universities.
He
said that there is a severe shortage of imported vehicles, due to the high
global demand, and a lack of supply from manufacturers.
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