VES 2018

[Contipro]

 

Hi There, thks for the new info. Any idea where to check the PM (Particulate Matter) Value of the car?

 

E.g, on specs of cars, in sgcm, only CO2 emission value is stated.

 

Taking Honda City for e.g:-

 

On sgcm, CO2 emission = 133g/km

 

On KM, 4 types are stated :-

CO₂ Emission g/km 135 Carbon Monoxide (CO) g/km 0.127 Hydrocarbons (HC) g/km 0.02 Nitrogen Oxides (NO_x) g/km 0.002

Unfortunately some far no AD or PI will like to release the info until VES 2 kick start in July.

 

Business nature to protect own interest.

[Gz0707]

Unfortunately some far no AD or PI will like to release the info until VES 2 kick start in July.

 

Business nature to protect own interest.

 

agree - dealers will only show you this label until July where the final PM indicator is missing.  so the final tick where the specific model ends up in neutral or surcharge band is question mark for most car models. 

[Vratenza]

It might be business decision to protect it's bottom line withholding the PM till after July 2018.

 

I take issue with LTA being not proactive enough to foresee this and to put in regulations to force all AD/Dealers to display the PM at least 2 months before the July 2018 deadline.

 

This simple line in the regulation will protect the interest of buyers who are at the dealer's mercy and scare tactics  when they do not have the information to make an informed decision prior to July 2018.

 

 

agree - dealers will only show you this label until July where the final PM indicator is missing.  so the final tick where the specific model ends up in neutral or surcharge band is question mark for most car models. 

 

[inlinesix]

It might be business decision to protect it's bottom line withholding the PM till after July 2018.

 

I take issue with LTA being not proactive enough to foresee this and to put in regulations to force all AD/Dealers to display the PM at least 2 months before the July 2018 deadline.

 

This simple line in the regulation will protect the interest of buyers who are at the dealer's mercy and scare tactics  when they do not have the information to make an informed decision prior to July 2018.

 

https://vrl.lta.gov.sg/lta/vrl/action/pubfunc?ID=FuelCostCalculator

 

Till now, LTA only give CO2 online.

 

If LTA is proactive, all these information should be available online.

[shivgear]

The July VES affects vehicles registered from July. So if I already paid my deposit for my new car and AD is bidding for COE tomorrow, and managed to get COE but only registered car in July, then how? Or is it based on the date the COE obtained?

AD almost for sure will get coe before July. Good for them and good for you. They will register before July. Plenty of time to do that. Edited June 6, 2018 by shivgear

[Gz0707]

The Singapore government will collect S$189 million more in motor vehicle taxes in FY2017 than the previous financial year, and expects to see a further S$471 million in the following financial year, as the Vehicular Emissions Scheme or VES boosts its coffers with more surcharges.

But vehicle quota premiums will fall by S$569 million from the last financial year, and continue to slip by another S$397 million next year.

According to operating revenue figures released during the Singapore Budget, in FY2017, the government expects to collect S$2.337 billion in motor vehicle taxes or ARF, and S$5.982 billion in vehicle quota premiums or COE.

FY2017 started in April 2017 and ends in March 2018.

This means that the amount of motor vehicle taxes increases S$189 million from FY2016’s S$2.148 billion, but vehicle quota premiums drop S$569 from S$6.551 billion in FY2016.

Despite a similar COE quota size last year, vehicle quota premiums fell  due to lower Cat A premiums.

Cat A COEs form the bulk of the quota, accounting for more than 40 per cent of total COEs, and the average Cat A COE premium in 2017 was about S$45,000, down about S$4,000 from 2016.

In calendar year 2017, a total of 110,804 COEs for the five COE categories were issued, of which Cat A, B and E - those which can be used to register passenger cars - amounted to 88,904.

This is slightly higher than calendar year 2016’s 105,173 COEs, but which had roughly the same number of car COEs available - 89,913.

The bumper crop of car COEs that year was an increase of nearly 48 per cent from the 60,888 COEs in 2015.

Apart from vehicle tax and COE, the on-the-road price of a car in Singapore also includes customs and excise, as well as GST.

For FY2017, customs and excise taxes will rise S$472 million to S$3.202 billion from the previous financial year.

For the big picture, taxes and COE will account for 11.1 per cent of Budget FY2017's total operating revenue of S$75.154 billion - lower than the 12.6 per cent of FY2016’s S$68.964 billion but closer to the 11.5 per cent of FY2018's estimated total operating revenue of S$72.677 billion.

 

https://samuelee.net/analysis/ves-to-boost-vehicle-tax-collection-to-s2-8b-next-year/

[Aaronlkl]

 

The Singapore government will collect S$189 million more in motor vehicle taxes in FY2017 than the previous financial year, and expects to see a further S$471 million in the following financial year, as the Vehicular Emissions Scheme or VES boosts its coffers with more surcharges.

But vehicle quota premiums will fall by S$569 million from the last financial year, and continue to slip by another S$397 million next year.

According to operating revenue figures released during the Singapore Budget, in FY2017, the government expects to collect S$2.337 billion in motor vehicle taxes or ARF, and S$5.982 billion in vehicle quota premiums or COE.

FY2017 started in April 2017 and ends in March 2018.

This means that the amount of motor vehicle taxes increases S$189 million from FY2016’s S$2.148 billion, but vehicle quota premiums drop S$569 from S$6.551 billion in FY2016.

Despite a similar COE quota size last year, vehicle quota premiums fell  due to lower Cat A premiums.

Cat A COEs form the bulk of the quota, accounting for more than 40 per cent of total COEs, and the average Cat A COE premium in 2017 was about S$45,000, down about S$4,000 from 2016.

In calendar year 2017, a total of 110,804 COEs for the five COE categories were issued, of which Cat A, B and E - those which can be used to register passenger cars - amounted to 88,904.

This is slightly higher than calendar year 2016’s 105,173 COEs, but which had roughly the same number of car COEs available - 89,913.

The bumper crop of car COEs that year was an increase of nearly 48 per cent from the 60,888 COEs in 2015.

Apart from vehicle tax and COE, the on-the-road price of a car in Singapore also includes customs and excise, as well as GST.

For FY2017, customs and excise taxes will rise S$472 million to S$3.202 billion from the previous financial year.

For the big picture, taxes and COE will account for 11.1 per cent of Budget FY2017's total operating revenue of S$75.154 billion - lower than the 12.6 per cent of FY2016’s S$68.964 billion but closer to the 11.5 per cent of FY2018's estimated total operating revenue of S$72.677 billion.

 

https://samuelee.net/analysis/ves-to-boost-vehicle-tax-collection-to-s2-8b-next-year/

 

 

 

HUAT AH!

[kelaihoyin]

 

The Singapore government will collect S$189 million more in motor vehicle taxes in FY2017 than the previous financial year, and expects to see a further S$471 million in the following financial year, as the Vehicular Emissions Scheme or VES boosts its coffers with more surcharges.

But vehicle quota premiums will fall by S$569 million from the last financial year, and continue to slip by another S$397 million next year.

According to operating revenue figures released during the Singapore Budget, in FY2017, the government expects to collect S$2.337 billion in motor vehicle taxes or ARF, and S$5.982 billion in vehicle quota premiums or COE.

FY2017 started in April 2017 and ends in March 2018.

This means that the amount of motor vehicle taxes increases S$189 million from FY2016’s S$2.148 billion, but vehicle quota premiums drop S$569 from S$6.551 billion in FY2016.

Despite a similar COE quota size last year, vehicle quota premiums fell  due to lower Cat A premiums.

Cat A COEs form the bulk of the quota, accounting for more than 40 per cent of total COEs, and the average Cat A COE premium in 2017 was about S$45,000, down about S$4,000 from 2016.

In calendar year 2017, a total of 110,804 COEs for the five COE categories were issued, of which Cat A, B and E - those which can be used to register passenger cars - amounted to 88,904.

This is slightly higher than calendar year 2016’s 105,173 COEs, but which had roughly the same number of car COEs available - 89,913.

The bumper crop of car COEs that year was an increase of nearly 48 per cent from the 60,888 COEs in 2015.

Apart from vehicle tax and COE, the on-the-road price of a car in Singapore also includes customs and excise, as well as GST.

For FY2017, customs and excise taxes will rise S$472 million to S$3.202 billion from the previous financial year.

For the big picture, taxes and COE will account for 11.1 per cent of Budget FY2017's total operating revenue of S$75.154 billion - lower than the 12.6 per cent of FY2016’s S$68.964 billion but closer to the 11.5 per cent of FY2018's estimated total operating revenue of S$72.677 billion.

 

https://samuelee.net/analysis/ves-to-boost-vehicle-tax-collection-to-s2-8b-next-year/

 

 

 

Some reporter was saying we going car-lite with all these revenue? 

Edited June 6, 2018 by kelaihoyin

[Lplater]

with CEVS kicking in place and more so in July in a few weeks

 

The number of cars with rebate is an extremely small population from what I see from prices downloaded from Sgcarmart..

 

the standard B&B cars from the last 5-7 yrs, have mostly gotten 10K surcharge with VES following forward and as far as I read and found out the Surcharge does NOT goes into the PARF of the car at the end of the COE, while the rebate cuts into the PARF value.

whichever way, the buyer loses more and more.

 

with inspection getting more stringent for 2001~ registered cars, what will happen to those before 2001??
same situation as the motorcycles that needs to be scrap by 2028?

 

 

the govt seems want to make the people believe that THEY like to go green for the car population and make most buyer consider buying a Hybrid or an Electric car.

Infrastructure for full-electric is still in progress.

 

however, what i did find out is that Hybrid cars needs to pay 2 roadtax.  1 for the petrol engine and other for the output for the electric motor, why such way of taxing when green is suppose to be the way?

other country which are looking at Green country, makes owner pays lesser for hybrid or "cleaner" cars. Earlier on Diesel and hybrid pays lesser road taxes in EU states including UK. 

 

SG punishes green cars owner with more Surcharges on purchase and more road tax, so where is the green part of owning a greener vehicle?  Only more notes in the Govt coffers..

 

 

Edited June 6, 2018 by Lplater

[Aaronlkl]

sorry to be digging up an old topic.

 

with CEVS kicking in place and more so in July in a few weeks

 

The number of cars with rebate is an extremely small population from what I see from prices downloaded from Sgcarmart..

 

the standard B&B cars from the last 5-7 yrs, have mostly gotten 10K surcharge with VES following forward and as far as I read and found out the Surcharge does NOT goes into the PARF of the car at the end of the COE, while the rebate cuts into the PARF value.

whichever way, the buyer loses more and more.

 

with inspection getting more stringent for 2001~ registered cars, what will happen to those before 2001??

same situation as the motorcycles that needs to be scrap by 2028?

 

 

the govt seems want to make the people believe that THEY like to go green for the car population and make most buyer consider buying a Hybrid or an Electric car.

Infrastructure for full-electric is still in progress.

 

however, what i did find out is that Hybrid cars needs to pay 2 roadtax.  1 for the petrol engine and other for the output for the electric motor, why such way of taxing when green is suppose to be the way?

other country which are looking at Green country, makes owner pays lesser for hybrid or "cleaner" cars. Earlier on Diesel and hybrid pays lesser road taxes in EU states including UK. 

 

SG punishes green cars owner with more Surcharges on purchase and more road tax, so where is the green part of owning a greener vehicle?  Only more notes in the Govt coffers..

 

人民的眼睛都是雪亮的！

[Lanevomax]

with CEVS kicking in place and more so in July in a few weeks

 

The number of cars with rebate is an extremely small population from what I see from prices downloaded from Sgcarmart..

 

the standard B&B cars from the last 5-7 yrs, have mostly gotten 10K surcharge with VES following forward and as far as I read and found out the Surcharge does NOT goes into the PARF of the car at the end of the COE, while the rebate cuts into the PARF value.

whichever way, the buyer loses more and more.

 

with inspection getting more stringent for 2001~ registered cars, what will happen to those before 2001??

same situation as the motorcycles that needs to be scrap by 2028?

 

 

the govt seems want to make the people believe that THEY like to go green for the car population and make most buyer consider buying a Hybrid or an Electric car.

Infrastructure for full-electric is still in progress.

 

however, what i did find out is that Hybrid cars needs to pay 2 roadtax.  1 for the petrol engine and other for the output for the electric motor, why such way of taxing when green is suppose to be the way?

other country which are looking at Green country, makes owner pays lesser for hybrid or "cleaner" cars. Earlier on Diesel and hybrid pays lesser road taxes in EU states including UK. 

 

SG punishes green cars owner with more Surcharges on purchase and more road tax, so where is the green part of owning a greener vehicle?  Only more notes in the Govt coffers..

 

Petrol-Electric Cars

A petrol-electric car uses a combined conventional gasoline engine and electric motor. The Road Tax payable is based on the engine capacity or the maximum motor power rating, whichever is higher.

Special Tax is not applicable to petrol-electric cars.

The correlation table was established by:

• Examining the relationship between the engine capacity and the maximum motor power ratings of existing conventional cars; and
• Equating the engine capacities of conventional cars with the maximum motor power ratings of electric cars taking into consideration the differences in engine and motor power output characteristics and transmission efficiency.

Power Rating, PR (kW)

6-Monthly Road Tax Formula

(From 1 August 2016)

PR  <  7.5

S$200 x 0.782

7.5 < PR  <  32.5

[s$200 + S$2(PR - 7.5)] x 0.782

32.5  <  PR  <  70

[s$250 + S$6(PR - 32.5)] x 0.782

70 <  PR  < 157.5

[s$475 + S$12(PR - 70)] x 0.782

PR > 157.5

[s$1,525 + S$16(PR - 157.5)] x 0.782

Example (Based on the 6-Monthly Road Tax Formula)

If a car's engine capacity is 1,490cc and has a maximum motor power rating of 33kW, the Road Tax is as follows:

Computation based on engine capacity

Road Tax

= [s$250 + S$0.375 (1,490 - 1,000)] x 0.782

 

= [s$250 + S$0.375 (490)] x 0.782

 

= [s$250 + S$183.75] x 0.782

 

= S$433.75 x 0.782

 

= S$340

 

Computation based on maximum motor power rating

Road Tax

= [s$250 + S$6(33 - 32.5)] x 0.782

 

= [s$250 + S$6(0.5)] x 0.782

 

= [s$250 + S$3] x 0.782

 

= S$253 x 0.782

 

= S$198

 

Therefore, the Road Tax for the petrol-electric car is S$340 (for 6 months) or S$680 (for 12 months).

 

 

Source from https://www.lta.gov.sg/content/ltaweb/en/roads-and-motoring/owning-a-vehicle/costs-of-owning-a-vehicle/tax-structure-for-cars.html

Edited June 6, 2018 by Lanevomax

[Mkl22]

Money money money.... give me more money. Go Squeeze Them more.....

[Vratenza]

Tell me about it... I paid annual road tax for a 3.5L hybrid GS450h for 6 yrs.....

 

never going back there......

 

Petrol-Electric Cars

A petrol-electric car uses a combined conventional gasoline engine and electric motor. The Road Tax payable is based on the engine capacity or the maximum motor power rating, whichever is higher.

Special Tax is not applicable to petrol-electric cars.

The correlation table was established by:

• Examining the relationship between the engine capacity and the maximum motor power ratings of existing conventional cars; and
• Equating the engine capacities of conventional cars with the maximum motor power ratings of electric cars taking into consideration the differences in engine and motor power output characteristics and transmission efficiency.

Power Rating, PR (kW)

6-Monthly Road Tax Formula
(From 1 August 2016)

PR  <  7.5

S$200 x 0.782

7.5 < PR  <  32.5

[s$200 + S$2(PR - 7.5)] x 0.782

32.5  <  PR  <  70

[s$250 + S$6(PR - 32.5)] x 0.782

70 <  PR  < 157.5

[s$475 + S$12(PR - 70)] x 0.782

PR > 157.5

[s$1,525 + S$16(PR - 157.5)] x 0.782

Example (Based on the 6-Monthly Road Tax Formula)

If a car's engine capacity is 1,490cc and has a maximum motor power rating of 33kW, the Road Tax is as follows:

Computation based on engine capacity

Road Tax

= [s$250 + S$0.375 (1,490 - 1,000)] x 0.782

 

= [s$250 + S$0.375 (490)] x 0.782

 

= [s$250 + S$183.75] x 0.782

 

= S$433.75 x 0.782

 

= S$340

 

Computation based on maximum motor power rating

Road Tax

= [s$250 + S$6(33 - 32.5)] x 0.782

 

= [s$250 + S$6(0.5)] x 0.782

 

= [s$250 + S$3] x 0.782

 

= S$253 x 0.782

 

= S$198

 

Therefore, the Road Tax for the petrol-electric car is S$340 (for 6 months) or S$680 (for 12 months).

 

 

Source from https://www.lta.gov.sg/content/ltaweb/en/roads-and-motoring/owning-a-vehicle/costs-of-owning-a-vehicle/tax-structure-for-cars.html

 

[Aaronlkl]

Tell me about it... I paid annual road tax for a 3.5L hybrid GS450h for 6 yrs.....

 

never going back there...…

 

Nice ride bro

[Vratenza]

I bet Ah gong also say the same every year they get the road tax I paid....

 

Nice ride bro

 

[inlinesix]

with CEVS kicking in place and more so in July in a few weeks

 

The number of cars with rebate is an extremely small population from what I see from prices downloaded from Sgcarmart..

 

the standard B&B cars from the last 5-7 yrs, have mostly gotten 10K surcharge with VES following forward and as far as I read and found out the Surcharge does NOT goes into the PARF of the car at the end of the COE, while the rebate cuts into the PARF value.

whichever way, the buyer loses more and more.

 

with inspection getting more stringent for 2001~ registered cars, what will happen to those before 2001??

same situation as the motorcycles that needs to be scrap by 2028?

 

 

the govt seems want to make the people believe that THEY like to go green for the car population and make most buyer consider buying a Hybrid or an Electric car.

Infrastructure for full-electric is still in progress.

 

however, what i did find out is that Hybrid cars needs to pay 2 roadtax. 1 for the petrol engine and other for the output for the electric motor, why such way of taxing when green is suppose to be the way?

other country which are looking at Green country, makes owner pays lesser for hybrid or "cleaner" cars. Earlier on Diesel and hybrid pays lesser road taxes in EU states including UK.

 

SG punishes green cars owner with more Surcharges on purchase and more road tax, so where is the green part of owning a greener vehicle? Only more notes in the Govt coffers..

If PARF and sales price includes rebate, no issue what.

 

If only PARF includes rebate, that's the issue.

 

Since electric car don't pay petrol tax, have to earn back from somewhere.

 

I read on ST Forum that supporting fossil fuel creates job. Support electric job lost.

[inlinesix]

Tell me about it... I paid annual road tax for a 3.5L hybrid GS450h for 6 yrs.....

 

never going back there......

Nowadays hybrid car sibei powerful.

 

Panamera 4-E 456hp and 700NM torque from V6 2.9L + motor.

 

Pure electric up to 100km

Edited June 6, 2018 by Davidtch

[Vratenza]

think there is a recent revision if your calculations is true.... my road tax was about 3.2K/yr and not forgetting the green rebate that literally wiped out the paper value.

 

Nowadays hybrid car sibei powerful.

Panamera 4-E 456hp and 700NM torque from V6 2.9L + motor.

Pure electric up to 100km