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Doing so amounts to a subsidy on private transport and will have counter-productive effects, says the Finance Minister. Source: https://www.channelnewsasia.com/singapore/fuel-price-subsidy-petrol-pump-prices-road-tax-rebate-lawrence-wong-2606276 SINGAPORE: Singapore will not reduce or suspend fuel duties or provide road tax rebates despite the recent increase in pump prices, Finance Minister Lawrence Wong said on Monday (Apr 4), adding that these measures effectively amount to a subsidy on private transport and will have "counter-productive effects". "Fewer than four in 10 households in Singapore own cars, and amongst the lowest quintile, only about one in 10 do ... Such subsidies on private transport would therefore benefit a relatively small but generally better-off group," Mr Wong told Parliament in a ministerial statement on inflation and business costs. "Cutting fuel duties also means that some of the subsidies will flow back in part to producers and suppliers themselves, not just to consumers, as the pump price may not fall as much as the reduction in duty. "More importantly, such subsidies will reduce the incentive to switch to more energy-efficient modes of transport, which is a critical element in our plans for sustainable living." On the last point, Mr Wong likened fuel duties to a "carbon tax", pointing out that Singapore does not impose such a tax on fuel. "We are already moving in the right direction on carbon tax, to raise carbon tax, to accelerate our green transition and to achieve our net zero target. So, it will not be consistent as we move on that front to, on the other hand, reduce fuel duties," he said. Pump prices in Singapore have risen to record levels in recent weeks, amid a spike in global crude oil prices caused by a supply crunch and the war in Ukraine. New Zealand said on Mar 14 that it will reduce fuel excise tax and halve public transport fares for three months to help offset the surge in petrol prices caused by Russia's invasion of Ukraine. In Singapore, Mr Wong highlighted that the country collects fuel duties and road taxes for revenue, and also to price the negative externalities of vehicle transport, such as the impact on public health and the environment. Fuel duties collected averaged S$920 million a year over the last five years, and revenue from these duties and taxes adds to the pool of resources available for various programmes and subsidies that "directly benefit" Singaporeans, he said. Mr Wong said the Government should "think carefully" before giving up such sources of revenue, particularly when Singapore is facing "considerable revenue changes already". MP Xie Yao Quan (PAP-Jurong) then asked whether the Government could consider reducing fuel duties on diesel, highlighting that it is used by vehicles that move Singapore's supply chain and deliver essential goods and services. "Whether it is diesel or petrol, fuel duties, aside from the issue of who benefits, also has an important externality consideration," Mr Wong responded, saying that he risked sounding like a "broken record". "For that matter, our diesel duty is already not that high, compared to fuel duties. From an externality point of view, we do need to have the duty in place in order to, as we all talked about, wanting to move greener, wanting to embrace more energy-efficient modes of transport, a point which everyone supported incidentally in this House not too long ago. "And then now, at the first sign of price rising, we are wanting to withdraw so quickly. I think, let's have some perspective on seeing the broader considerations and challenges. Yes we have indeed an immediate issue of inflation to tackle, but we also want to press ahead with our net-zero plans and our green transition." GROUPS AFFECTED BY HIGH PUMP PRICES Mr Wong noted, however, that some groups, like taxi and private-hire car drivers, as well as delivery riders, are particularly affected by the increase in petrol and diesel prices. "Various taxi and private-hire car operators have implemented temporary increases in fares to help cushion the higher fuel prices for drivers, and to have consumers share the burden," he added. "They also have tie-ups with petrol companies to offer fuel at discounted prices, to help drivers and riders manage higher fuel costs." Those whose incomes are impacted and are in need of financial assistance can approach the social service officers, community centres or self-help groups, Mr Wong stated.

Good day everyone, I'm looking to purchase my first car. Have been driving the family car on and off but now i've decided to buy my own. Been driving for around 4 years now. I'm currently looking at the BMW E89 Z4, which has a depre of roughly 11k/yr. I have no plans to have kids anytime in the near future and it's a car that i really like. The only concern i have is the road tax for the 6 cyl 23i. At the 15th yr, it amounts to an astounding 2.7k/yr. With that in mind, does it ever make sense to purchase a 2.5l COE car? Or do i just play w it for a few years then sell? I have also looked at the 2.0l turbo variant (20i), but being a newer model, it costs way more than the 23i (around 14k/yr depre). If it doesn't make sense to purchase a 2.5l COE car, what other options do i have? I have previously also shortlisted the 320i coupe (underpowered and heavy) and e250 coupe (hearsay FC is below average). Budget is around 80-85k. All suggestions all welcome, thanks in advance!

Supporting Cleaner and Greener Vehicles for A Sustainable Land Transport Sector 1 Under the Land Transport Master Plan 2040, we have committed to encouraging adoption of cleaner and greener vehicles for a more environmentally sustainable land transport sector. As part of Budget 2020, Government is introducing measures to facilitate adoption of Electric Vehicles (EVs), which is one of the cleanest and lowest-emission vehicular technologies available today. We have also reviewed the road tax framework to better reflect the current trends in vehicular efficiency and parity with Internal Combustion Engine (ICE) vehicles. EV Early Adoption Incentive 2 Today, EVs incur higher upfront ownership cost as compared to equivalent ICE vehicles. EVs are becoming more affordable, and the ownership cost gap between EVs and ICEs is expected to close over time. However, this ownership cost gap is currently a significant barrier in the adoption of EVs. To address this, we will launch an EV Early Adoption Incentive (EEAI) for the next three years, from 1 January 2021 to 31 December 2023. Owners who register fully electric cars[1] will receive a rebate of 45% off the Additional Registration Fees (ARF), capped at $20,000[2]. This EEAI will lower the upfront cost of an electric car by an average of 11% and narrow the upfront cost gap between electric and ICE cars. This scheme will apply to individual and fleet vehicle owners, such as taxi and car rental companies, and will cost Government an estimated $71 million over the next 3 years. Annex A illustrates the rebates for a few common EV models. Revised EV Road Tax Structure 3 We have reviewed the EV road tax schedule[3]. The revised schedule will apply to all new EVs registered from 1 January 2021 onwards and is shown in Annex B. 4 Currently, ICE vehicles incur fuel excise duties through fuel consumption. Owners of fully electric cars have thus far not been subjected to fuel excise duties. To enhance parity with ICE vehicles until we are ready to impose a distance-based tax, we will impose an additional tax of $700/year for fully electric cars, which is sized to partially recover for the fuel excise duties paid by equivalent ICE cars. 5 To cushion the impact, the Government will phase in this additional tax over three years (see Annex C for the phase-in schedule). The full quantum will be charged from January 2023 onwards. 6 As part of the revised EV road tax structure, we will also revise the methodology for calculating the variable component of the road tax for EVs, which is tiered by power rating, to better reflect the current trends in vehicle efficiency from January 2021. This will lead to an across-the-board reduction in this variable component of road tax for EVs and some hybrids. 7 In summary, the revised electric car road tax schedule will comprise: An additional flat component of $700/year, phased in over three years; and The existing variable component tiered according to power rating, and which will be revised to better account for improvements in vehicular efficiency; and 8 Under the revised road tax framework, mass market electric cars will incur an annual usage cost[4] which is still about 9% lower than their ICE equivalents. Electric Motorcycles and Electric Light Goods Vehicles (LGVs) 9 From 1 Jan 2021, the additional tax will also be levied on fully electric motorcycles ($200/year); and fully electric light goods vehicles (LGVs) and goods-cum-passenger vehicles (GPVs) not exceeding 3.5 metric tonnes ($190/year). Details on the treatment of electric buses, heavy goods vehicles, and GPVs heavier than 3.5 metric tonnes will be announced at a later date. Petrol-Electric Hybrids 10 For petrol-electric hybrids that currently pay road tax based on their maximum electric power rating, we will align their road tax schedule with the revised variable component of the electric car road tax schedule. Since these vehicles remain largely petrol-fuelled, we do not intend to impose the additional flat component on them for now. Overall, these hybrids will have their road tax reduced by an average of 29%. 11 LTA will inform existing EV owners of the implications of the revised road tax schedule on them, in due course. 12 These measures will complement the Government’s efforts in expanding the public charging infrastructure for EVs. Together with other existing and new instruments, such as the Vehicular Emissions Scheme (VES), the Commercial Vehicle Emissions Scheme (CVES)[5] and Early Turnover Scheme (ETS), we will support the long-term adoption of cleaner and greener vehicles for a more sustainable land transport sector. [1] This includes electric taxis. [2] Subject to a minimum ARF of $5,000. [3] This includes electric taxis. [4] For ICEs, this includes road tax, fuel excise duties, fuel cost, insurance cost and maintenance cost. For EVs, this includes road tax, electricity cost, insurance cost and maintenance cost. [5] The CVES is a new scheme, for which details will be announced at MEWR’s COS.

Hi all, Just would like to share my experiences during the renewal of my Honda Civic. History: My car is the Honda Civic 1.6AT, originally registered in 16 Apr 2009. I bought the car from a Direct seller through sgcarmart at 16.5k (min PARF is 12.5k) in Nov 2018, means I had approximate 6 months to drive the car to inspect its status before making decision to renew the COE or not. Road tax was paid until 15 Apr 2019, so it is another convenient point for me. The mileage of the car when I took over was 87000 km (genuine mileage) and I was the 4th owner of the car. The purchasing was pretty smooth, I paid full amount in cash and we completed the ownership transfer at LTA on the same day. STA evaluation: The Direct seller on his good will sent the car to STA for evaluation and bear the cost for it. The STA report showed there are only a few minor points with the car, inclusive the worn out tires, worn lower arm-buish, non-retractable left-side mirror and minor seepage of oil. As all of those issues are wear and tears items, I decided to move on and took the car. Driving experience and maitenance: Handling of the car is good, during the 6 months driving it never gave me any problems. Quite happy with my car, so in March I sent my car for regular servicing and also for comprehensive checking at a workshop to intensive evaluate the car for COE renewal. All wear and tears part needed to be changed include 4 tires (Michelin Primacy 4), lower arm buishes and fix the non-retractable mirror only (over-all cost me less than 1k). The oil seepage was not detected at this servicing time and the mechanics told me they would check it at next time servicing. After that my car was ready for COE renewal. COE renewal: I bought the car in Nov 2018, when the PQP for COE reneal was $29760. The PQP was steadily decrease in the months after that and it reached the lowest $25525 in March, before slight increase in Apr. When I logged in the LTA onemotoring portal, I got the option to choose Mar or Apr PQP. If I chose Mar PQP, then my new COE wil be from 1st Apr 2019 to 31rd Mar 2029. If I chose Apr PQP, then my new COE will be from 16th Apr 2019 to 15th Apr 2029. Due to only 15 days is forfeited, I have decided to renew the 10 years COE using March PQP. The payment is also pretty convenient via online bank-payment. I also realized that the PARF rebate is still valid until 15 Apr 2019 even though I have renewed the COE, means I can still de-register the car and get back that min PARF. Road tax renewal: Now there is a small problem for me. My insurance with AXA is till 20 Nov 2019, so I only got an option to renew the road tax for 6 month from 16th Apr 2019 to 15th Oct 2019 (at $407). I think I will need to discuss with the insurance company to extend my current contract till 15th Apr 2020 so I can align the road tax with the insurance, but surely there is a mismatch in the expiry dates for road tax and the new COE. Thinking: I am now thinking whether should I repaint the whole car or not. The color of my car is brown and there are quite a number of small scratches there, but it is not clearly visible. I asked around and the cost is likely to be in 1-1.5k, so still thinking about it. And since the headlights are quite yellowish (although tried to polish and restore but still a bit foggy), I have also bought a pair of headlights at price of $119 each. Will install this brand new headlights after I repaint the car.

quoted from https://www.mof.gov.sg/Newsroom/Parliamentary-Replies/Singapore-Road-Tax-Structure 1. Road Tax - which are based on engine capacity - are higher for, bigger cars, which tend to consume more fuel and produce more emissions than small cars quoted 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 2. VES - The VES takes into consideration a vehicle’s emissions of four other pollutants, namely hydrocarbons (HC), carbon monoxide (CO), nitrogen oxides (NOX) and particulate matter (PM), in addition to the vehicle’s carbon dioxide emission, to encourage consumers to shift to less pollutive models. Cars registered from 1 January 2018 to 30 June 2018 (both dates inclusive) will be assessed based on their emissions of four pollutants of HC, CO, NOX and CO2 (i.e. PM emissions is exempted during this interim period). Cars1 registered from 1 July 2018 to 31 December 2019 (both dates inclusive) will be assessed based on their emissions of five pollutants of HC, CO, NOx, PM and CO2. The VES rebate or surcharge will be determined by the worst performing pollutant. Aren't both taxes the same since both are taxed the emission from the car.

How u guy renew to suck the most value out of the payment? previous citi pm card now cui already

Would like to know if it is possible to get a road tax refund because roads are not up to standard? The number of roads on construction has increased and caused damage to car suspensions and caused hazards. Ie the workers anyhow place the cones and reduce the lane size and put concrete anywhere and. Then the sign "urgent road works" always have urgent construction? In addition There are big rocks on the road - could cause massive damage if your tyre were to go on it or hit your bottom of the car. The arrows of the roads are also not properly painted after construction - causing possible confusion. The old arrow marks are not removed either Any one has an idea why they make the road in an S shape? Thanks

as announced in the news, ERP 2.0 charged by KM will be rolled out in 2020. time to take public transport?

Okie, after get new ride, old car hand in to SE.... we able to get the the balance road tax or insurance?? If can, how huh??? Sorry, first time buy ride with trade in...

I understand classic car scheme only has 28 coupon a year...one coupon a day. If the car is driven in Malaysia, does it need a coupon for everyday? Or only coupon for day exiting Singapore and day coming back?

I was queuing in singpost when a auntie in front of me approach the counter and say want to pay road tax. She have the standard road tax slip with her. After the counter process, the cashier blip around 4.5k and she paid by cheque. When it's my turn I see the counter keep the slip, only 1 slip mean paying for 1 car. I may be suaku but What kind of car's road tax cost 4.5k?? A Ferrari issit? How is road tax calculated?

The current car loan restrictions will be lifted by the Monetary Authority of Singapore (MAS) for a period of 60 days for the purchase of used cars that were part of car dealers' inventory before 25th February 2013. Used cars registered as of 4th March 2013 will also be eligible for this concession as dealers have up to seven days to register used cars under the LTA's Temporary Transfer Scheme (TTS). The inventory of used cars acquired by dealers at relatively high in-built Certificate of Entitlement (COE) values has made it particularly challenging to adjust to the new market conditions. Demand has also fallen more sharply in the used car market compared to that for new cars. Thus MAS has therefore decided to temporarily lift the restrictions for the limited pool - comprising less than 7,000 cars. This concession takes effect from 6th April 2013 and will be in place for a period of 60 days, after which, the financing restrictions will apply. Also, the previously announced loan restrictions has been extended to all entities that finance car purchases - including those not regulated by MAS. MAS also announced it will continue to monitor developments in the car market and COE premiums, and will recalibrate the financing restrictions for new and used cars when appropriate.

[extract] According to a study done by Malaysia

Diesel cars have never been popular in Singapore, especially the bigger engines. But i'm pretty sure there's a lot of driving enthusiasts out there who would love to own a diesel car, if the tax wasn't so high. In most countries, diesel cars are actually quite popular due to the fact that diesel is cheaper than petrol. Well, things are going to change around here, soon enough... As announced by the Minister for Finance, Mr. Tharman Shanmugaratnam, in his FY2012 Budget Statement, the special tax for Euro V compliant diesel cars will be revised with effect from 1st January 2013. Instead of the current rate of $1.25 per cubic centimetres (cc), the annual special tax for a Euro V compliant diesel car will be computed based on $0.40 per cubic centimetres (cc) of engine capacity, subject to a minimum annual payment of $400. The revision to the special tax structure for Euro V compliant diesel cars is made in recognition of its improved emissions, relative to pre-Euro V diesel cars. Motorists can choose to pay the special tax annually or 6-monthly, together with the road tax. The revised special tax for Euro V compliant diesel cars will result in nearly 70% savings to owners, as shown in the table below: According to LTA, the special tax for diesel taxis and Euro IV diesel cars will remain unchanged at $5,100 per annum and $1.25 per cubic centimetres (cc) respectively. Click here to check out new diesel cars currently in Singapore.Diesel cars

It is widely acknowledged that our road tax system is heavily skewed in favor of the small engine capacity car. I will not bore you guys with the detailed mathematical formula of the road tax system here on our sunny island (you can read about it here). It will suffice to say that any car with an engine capacity larger than 1,600cc is likely to face a pretty hefty road tax bill. A 3,000cc car attracts an annual road tax of $2,386 compared to $744 for a 1,600cc one. The road tax on the 3,000cc car can pay for both my road tax and insurance with a couple of hundreds to spare! With such a policy in place, it doesn't take a genius to figure out which cars will sell best in Singapore. No wonder Kah Motors brought in the 1,600cc Civic specially for the Singapore market! The main justification why drivers should be taxed lies in the economics concept of negative externalities. Drivers create pollution which affects others; they also consume scarce fossil fuels. These are costs which society as a whole will bear rather than the individual driver. The tax aims to impose some of these costs back on the driver when they are deciding whether to drive or to use other forms of transport. However, by taxing based on displacement, the assumption seems to be that a larger displacement vehicle will consume more fuel and pollute more (and thus should pay more tax). However, this assumption no longer stands. With current advances in automotive technology, I am sure we all know that there can be larger but more frugal and less pollutive engines. Using displacement as a benchmark is a poor and blunt proxy for the true purpose of road tax. If I drive a larger displacement vehicle but it is actually greener because the engine technology is advanced, I still get penalised! That doesn't seem fair, does it? And I believe that I am not the only one who thinks this way. There is, in fact, some acknowledgment globally that vehicle owners should be taxed based on the pollution their vehicles generate rather than displacement. In the UK, for vehicles registered after 2001, road tax is imposed mainly based on the amount of CO2 emissions that the vehicle emits. Before 2001, UK had a road tax based on displacement as well. This is indeed a welcome trend and one I believe that the LTA should look into. But if I have my way, I would abolish road tax altogether and replace it with a higher fuel tax. Now, before you readers rush to flame me in the comments section, hear me out! While a pollution based tax is in the right direction, it is still too blunt an instrument. That is because the buying and ownership of a highly polluting or a big displacement car will not in itself create pollution. We pollute and consume scarce fuel only when we drive! Now, if you drive more, you create more pollution, you pay more! Isn't that even fairer than simply taxing based on pollution? After all, if I own a Range Rover Sport but only drive it 1km to the market on Sundays, surely I pollute less than the person who travels >100km in his Toyota Altis daily? So, shouldn't he be taxed more? Of course, I must admit that my system is not without its flaws. For one, it is possible that in some cases, an extremely polluting car, driven a short distance can still outweigh the pollution caused by a year's driving for an extremely green car. Well, I believe that these are the outliers and are likely to be very very rare and that my system will be fairer to the majority of Singapore drivers than what we currently have. What say you?