At the Round Table this Wednesday, the Minister of Transportation Eduardo Rodríguez Dávila explained the new authorization for the wholesale sale in MLC of new and second-hand motor vehicles to all Cuban and foreign legal entities: the same state companies, foreign firms, cooperatives, MSMEs or any other form of management.
Decree 83, published in the Extraordinary Official Gazette 16announces these new rules on the transfer of ownership of motor vehicles, trailers and semi-trailers, as well as their importation and marketing.
These sales will be made through wholesalers and the price will be based on of the cost of acquisition and with up to 30% of commercial margin.
As explained by the minister, prices will be updated every six months and will be adjusted as wholesale trade progresses.
Another novelty is that the current power restriction of up to 1000 watts in imported electric motorcycles is eliminated and natural persons are authorized to directly import sidecars and motorcycles with sidecars.
Electric vehicles will benefit from price incentives, both for wholesale and retail.
Revenues from taxes related to vehicle sales will go to a Fund for the Development of Public Transport.
Through purchase, sale or donation, Decree 83 authorizes Cuban and foreign natural persons residing in the country to transfer between themselves the ownership of motor vehicles, trailers and semi-trailers. It may also occur from natural persons to Cuban and foreign legal entities.
Cuban and foreign legal persons with commercial representation in the country may also transfer ownership of motor vehicles between themselves. In the case of state companies, they will require approval “of the highest authority of the governing body that directs or attends it”.
The Decree establishes that non-state legal entities can only transfer ownership of vehicles to natural persons who previously transferred that property to the legal entity in question.
Part by part
In relation to the transfer of ownership, among themselves or between them, of motors, bodies, cabins, chassis and frames of motorcycles for replacement, Decree 83 establishes the authorization for natural and legal persons, Cuban or foreign and residents, provided that These parts are of the same brand and model as the one being replaced, unless technical compatibility is established by the corresponding authorities.
Article 28.2 prohibits the transfer of ownership of these parts from legal persons, Cuban or foreign, to natural persons. Natural persons can acquire these parts and pieces, by replacement, in authorized trading entities.
Electric vehicles
Although it does not detail them, Decree 83 establishes the promotion of the import of totally electric vehicles or other renewable energy sources, as well as their charging infrastructures, through incentives that favor their acquisition and exploitation.
And it excludes the authorization for the installation of internal combustion engines from fossil fuels in electric vehicles or other renewable energy sources.
This regulation authorizes Cuban natural persons and foreign residents to import, without a commercial nature, electric motors and their accessories, for replacement or remotorization in order to convert them to electric.
Article 37 establishes that legal entities that acquire fleets of electric vehicles or other renewable energy sources have to guarantee the creation of charging infrastructures that use these own sources, maintenance, repairs and final destinations when they cause low technique, in accordance with the specific regulations in force.
In construction…
