![]() He explained that a lot of motor vehicles dealers were registered by the local licensing authority within the past two years, many of which are not recognised as authorised dealers by the manufacturer of car brands. Though Lebon said that this is bad news for the buyers and for the environment, he feels that it will help control what the association calls the ‘parallel’ or ‘grey market’. It was not fair that one was paying 50 percent tax on a small car such as a Hyundai i10 whereas another was paying only 5 percent for a Porsche,” said Lebon. ![]() “The change in the tax on hybrids will reduce the disparity that exists between the tax on hybrid vehicles and non-hybrid vehicles. The chair of the Seychelles Motor Vehicle Dealers' Association, Gilbert Lebon, said that most of the members of the association welcome the increase in the excise tax rates, despite the disadvantage it might bring. ![]() ( Seychelles News Agency) - New excise tax rates will be applied to hybrid vehicles in Seychelles as of June 16, the Ministry of Finance said this week. ![]()
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