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Source: www.lta.gov.sg |
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Revision In Vehicle Taxes |
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Reduction in Road Tax by 15% Reduction in
Additional Registration Fee |
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As announced by the Minister for Transport, Mr Raymond Lim, the
Government will reduce the road tax for cars, motorcycles, taxis and
commercial vehicles by 15%. The Additional Registration Fee (ARF) for
cars, taxis and goods-cum-passenger vehicles (GPVs) will also be
reduced. |
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The reduction is part of the package of measures to manage road usage,
which takes effect from July 2008, and is in line with Government's
approach to gradually reduce the tax burden on vehicle ownership in
tandem with the shift towards more usage measures to manage congestion
on the roads. |
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Reduction in Road Tax |
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The road tax for cars, motorcycles, taxis, buses and goods vehicles will
be lowered by 15% with effect from 1st July 2008 |
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Cars |
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The road tax for cars will be reduced by 15% from 1st July 2008 as
shown in Table 1 below: |
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Engine
Capacity (EC) in cc |
New
6-Monthly Road Tax Formulae (from 1st July 2008) |
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EC < 600
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$200 x 0.782
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600 < EC < 1,000
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[$200 + $0.125(EC-600)] x 0.782
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1,000 < EC < 1,600
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[$250 + $0.375(EC-1000)] x 0.782
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1,600 < EC < 3,000
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[$475 + $0.75(EC-1,600)] x 0.782
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EC > 3,000
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[$1,525 + $1(EC-3,000)] x 0.782
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More..... |
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Source: www.lta.gov.sg
News Release 30 Jan 2008 |
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