§  Legislation

The taxpayer is a purchaser or acquirer of the used motor vehicle, vessel, aircraft or flying object, provided that the VAT is not paid on sale of the same.

Tax rate amounts to 5% of the market value of the above products.

Tax exemptions are highly limited and are related to inheritance and gifts in the first order of succession.

Tax liability is paid within 15 days from the day when tax liability arises.