Small-engine vehicles accounted for 15.63 million sales to the end of November, increased by 22.5 per cent from the previous year, as buyers scrambled to order cars before the tax break expired. Photo: Reuters

Tax break for buying small cars extended for another year

Ministry of Finance raises sales tax on vehicles under 1.6-litres from 5 to 7.5pc, taking effect Jan 1 – but that’s still below the normal 10pc

TOP PICKS

Small-engine vehicles accounted for 15.63 million sales to the end of November, increased by 22.5 per cent from the previous year, as buyers scrambled to order cars before the tax break expired. Photo: Reuters
READ FULL ARTICLE