Finance bill 2024 plans to reduce VAT, road tax and registration fees for electric cars

The draft finance law for 2024 includes new measures to encourage the use of 100% electric bicycles and cars.

The 2024 finance bill proposes to reduce VAT on these vehicles from the current 19% to 7% from January 1, 2024.

It also provides for a 50% reduction in road tax (vignettes) and registration fees for these vehicles.

The aim is to encourage citizens to use these non-polluting vehicles and to help reduce the cost of energy compensation in order to cut Tunisia's energy deficit.

Source: Agence Tunis Afrique Presse