* ON TAXATION POLICYIn response to media questions on the Opposition’s intent to increase the tax on vehicles imported, my Government will reduce the tax on new and used vehicles being imported.
The new administration of the PPP/C will reduce the taxes to ensure that more fuel efficient and environmentally friendly vehicles are used by citizens.
The new amendments to the importation costs of vehicles will ensure that more of our citizens including young people can own their own new and eco-friendly motor vehicle.
This commitment is in keeping with our plans as set out for a Green Economy. This new incentive will provide for an economy that is characterised by sustained and inclusive prosperity, as well as one in concord with low-carbon and climate-resilient development.