Fourth Tax Basis Amendment for Motor Vehicles

Minister of Domestic Affairs Regulation No. 2 of 2012 on the Fourth Amendment to Minister of Domestic Affairs (“Ministry”) Regulation No. 23 of 2011 (“2011 Regulation”) on Calculating Vehicle Taxes and Vehicle Ownership Transfer Duty (“Fourth Amendment”) was recently issued. The Fourth Amendment was issued to update the 2011 Regulation by establishing the tax basis for vehicles that were not listed in the 2011 Regulation or previous amendments.