Big changes to Cyprus’ motoring taxes will see a big loss for the country’s treasury. Annual road tax will switch from being based on engine capacity to emissions. The cut off is 100g CO2 per km. Anything above 256g will be a flat €1,300 per year. The lowest band will be £20 per year. New vehicle owners will also pay a €150 registration fee. The new system brings motoring taxes into line with EU law. More measures are expected later.