MACAU, CHINA: Law No. 1/2012 of 2012 on the Amendment to the Motor Vehicle Tax Regulation

Meta Data
Draft: 
No
Revision of previous policy?: 
Yes
Effective Start Year: 
2012
Scope: 
National
Document Type: 
Law
Economic Sector: 
Transport, Other
Energy Types: 
Oil, Other
Issued by: 
Government of the Macau Special Administrative Region
Notes: 
No English version available
Source: 
Government Printing Bureau (PT)
File: 
Law No. 1/2012 of 2012 (PT)
Overall Summary: 
This Law amends the Regulation on the Tax on Motor Vehicles regarding the tax exemption for those vehicles respecting environmental standards; In particular it provides for restrictions on the tax exemption to only one vehicle per person.
Environment
Decarbonization strategy: 
[T]he constant rates of scale provided for in paragraph 1 benefit from a reduction of 50%, with a limit of 60 000,00 patacas, concern transmissions of new motor vehicles that meet the environmental standards of greenhouse gas emissions,[...].
Pricing
Energy taxation: 
The exemption provided for in subparagraph 3) of paragraph 1 can not be enjoyed by the beneficiary in respect of more than one vehicle in every five years, except in the case of an accident that results in permanent damage, theft or other reason of force majeure leading to the loss or destruction of the vehicle in relevant circumstances and properly supported before the Directorate of Services for Traffic Affairs.---[T]he constant rates of scale provided for in paragraph 1 benefit from a reduction of 50%, with a limit of 60 000,00 patacas, concern transmissions of new motor vehicles that meet the environmental standards of greenhouse gas emissions,[...].