Newspaper Al-Riyad | Application of the annual financial compensation added for the issuance and renewal of vehicle licenses based on their fuel efficiency

Today, the application of the annual financial compensation added to the issuance and renewal of vehicle licenses based on their fuel efficiency has started, as the first phase will be applied from the new light vehicles of model year 2024.

A number of government agencies are participating in the application, including the Ministry of Commerce, the Saudi Standards, Metrology and Quality Authority, the Zakat, Tax and Customs Authority, the General Traffic Department, the National Information Center and the Saudi Center for Energy. Efficiency.

It is worth noting that the annual fee is divided into five levels depending on the fuel consumption of the vehicle, so that no fee is charged for low-consumption vehicles.

For more details, you can visit the “My Vehicles” platform, which offers many services and information about the annual financial costs added to the issuance and renewal of vehicle licenses, in particular an introductory overview of the financial costs, where you can inquire about the value of the financial costs, and an estimated calculator.