1. What is Singapore Motor Vehicle Tax?

The Singapore motor vehicle tax is calculated based on the Cost, Insurance, and Freight (CIF) value of the vehicle plus applicable duties, with GST applied to the total. This tax is regulated by the Inland Revenue Authority of Singapore (IRAS).

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( CIF \) — Cost, Insurance and Freight value of the vehicle
• \( Duties \) — Customs duties (typically 20% of CIF)
• \( GST\ Rate \) — Current Goods and Services Tax rate (9%)

Explanation: The calculation first adds customs duties to the CIF value, then applies GST to the total amount.

3. Components of Vehicle Tax

Details: The total cost of importing a vehicle to Singapore consists of:

1. CIF Value - The base cost of the vehicle including shipping and insurance
2. Customs Duties - Typically 20% of CIF value
3. GST - 9% of (CIF + Duties)
4. Additional Registration Fee (ARF) - Not included in this calculation

4. Using the Calculator

Tips:

• Enter the CIF value in Singapore Dollars (SGD)
• Default duty rate is set to 20% (can be adjusted if needed)
• Default GST rate is set to 9% (current rate as of 2024)
• All values must be positive numbers

5. Frequently Asked Questions (FAQ)

Q1: What is included in the CIF value?
A: CIF includes the cost of the vehicle, insurance, and all freight charges to bring the vehicle to Singapore.

Q2: Are there any exemptions to these taxes?
A: Some vehicles may qualify for tax exemptions under specific schemes. Check with IRAS for details.

Q3: Is this the only tax for importing a car?
A: No, you may also need to pay Additional Registration Fee (ARF), Certificate of Entitlement (COE), and road tax.

Q4: How often do the duty and GST rates change?
A: GST rates change infrequently (last increase was in 2023). Duty rates have been stable at 20% for years.

Q5: Where can I get official tax information?
A: Visit the official IRAS website at www.iras.gov.sg for the latest information.