Good article on all the taxes, COE, etc when buying new car

[Icedbs]

Check out this article:

 

http://sg.finance.yahoo.com/news/middle-cl...-160000747.html

 

Good if you want to know what is OMV, ARF, loan calculations, etc based on the new rules.

 

From here you can see how much the authorities are making from each car and yet there is still road taxes and ERP!

 

I didn't know there was a vehicle excise duty to cover road-related projects! I thought road tax and ERP is mainly for that? Yet, we are getting more and more bumpy roads.

Edited September 21, 2013 by Icedbs

[Elfenstar]

Check out this article:

 

http://sg.finance.yahoo.com/news/middle-cl...-160000747.html

 

Good if you want to know what is OMV, ARF, loan calculations, etc based on the new rules.

 

From here you can see how much the authorities are making from each car and yet there is still road taxes and ERP!

 

I didn't know there was a vehicle excise duty to cover road-related projects! I thought road tax and ERP is mainly for that? Yet, we are getting more and more bumpy roads.

 

The article is has some BS. Take the vehicle excise duty. It's a tax by ICA, and not a tax for road maintenance. (Stupid ang mo doesn't get what excise duty is ah). BTW, LTA already stated that road works etc are from general taxes and not vehicle related taxes.

 

Anyway for a proper breakdown...

http://www.lta.gov.sg/content/ltaweb/en/ro...e-for-cars.html

Edited September 21, 2013 by Elfenstar