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Open Market Value (OMV) The OMV of a vehicle is basically the price paid or payable when a vehicle is imported into Singapore. This is assessed by the Singapore Customs and includes purchase price, freight, insurance and all other charges incidental to the sale and delivery of the car to Singapore.
Open Market Value (OMV) The OMV is the cost of a vehicle imported into Singapore. It is assessed by the Singapore Customs, taking into account the purchase price, freight, insurance and all other sale and delivery charges for importing the vehicle to Singapore.
f the Additional Registration Fees (ARF). The EEAI for registration of fully electric cars from 1 January 2021 to 31 December 2023 is capped at $20,000, while the EEAI for registration of fully electric cars from 1 January 2024.
Vehicle Tax Structure. vehicle costs. Apart from the Open Market Value (OMV), which is assessed by the Singapore Customs based on the cost, insurance and freight costs of ...
Understanding PARF & COE rebates. PARF rebate is only for cars and taxis that are deregistered as follows: Cars, not more than 10 years old; Non-electric taxis, not more than 8 years old; Electric taxis registered before 15 September 2022 and did not opt in for a 10-year statutory lifespan, not more than 8 years old; and.
Selling/Deregistering. Before selling or deregistering your vehicle, learn all you need to know about the process of transferring ownership, rebates and what to do with your Vehicle Registration Number.
One-stop hub for motoring information and digital services provided by the Land Transport Authority (LTA) of Singapore.
When you register a new vehicle, you will have to pay upfront vehicle costs. Apart from the Open Market Value (OMV), which is assessed by the Singapore Customs based on the cost, insurance and freight costs of the vehicle, the costs include taxes and fees such as: Registration Fee (RF)
Open Market Value (OMV) Find out the average OMVs of commonly-registered car models in Singapore. Find out more
A deregistered vehicle does not have valid road tax. It is an offence for anyone to drive or use a vehicle without valid road tax. Offenders will be prosecuted in court and face a fine of up to $2,000. For permitting someone to drive or use a vehicle without valid road tax, offenders may face a fine of up to $2,000.
