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The vehicle registration plates of Cyprus are composed of three letters and three digits (e.g. ABC 123). A simple incremental numbering system is used; numbers run from 001 to 999 per letter sequence (alphabetic), so that, for example, the plate to be issued after MAA 999 would be MAB 001 .
Income tax is also collected from vehicle registered for rent every year. The rate is determined by Income Tax Act. Vehicle Registration fee, renew fee, vehicle fitness test fee, pollution test fee, route permit fee and other applicable fees are also collected as per the vehicle and transport management act of related provinces.
Founded in 1933, it has the aim of offering assistance to the private motorist, in Cyprus and abroad, and to promote the interests of car owners in general. The CAA is a member of the Fédération Internationale de l'Automobile (FIA) and the Alliance Internationale de Tourisme (AIT).
TRNC car and motorcycle licences can be obtained at the age of 18, following a theory and practical exam on public roads. the price of driving licence is about 6000tl or 300 dollar. Despite the TRNC being an internationally unrecognised state, TRNC licences are valid for use worldwide for the time frame set by the relevant country, [ citation ...
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A Cyprus licence is valid in all EU member states. They are printed on paper but new licences are now plastic credit card style, show the holder's photograph and have the standard EU vehicle categories and EU logo. Offences such as speeding and drink driving are strictly policed and penalty points can be imposed on driving licences when caught.
The purpose of motor vehicle registration is to establish a link between a vehicle and an owner or user of the vehicle. While almost all motor vehicles are uniquely identified by a vehicle identification number , only registered vehicles display a vehicle registration plate and carry a vehicle registration certificate .
Taxes in Cyprus are levied by both the central and local governments. Tax revenue stood at 39.2% of GDP in 2012. [1] The most important revenue sources are the income tax, social security, value-added tax and corporate tax, and are all collected by the central government. Income tax is levied on a progressive rate.