Motoring Matters - Vehicle Ownership

Registration Fee (RF)	$140
Additional Registration Fee (ARF)	110% of OMV¹100% of OMV²
Certificate of Entitlement (COE)	Bid in Category A, or E Pro-rated for 8 years
Excise Duty	20% of OMV
Life Span	7 years if COE not extended 8 years if COE is extended
Road Tax Surcharge	Not Applicable

¹For taxis registered with COEs obtained from March 2004 to February 2008 tender exercises and for taxis replaced between 28 February 2004 and 29 February 2008.
²For taxis registered with COEs obtained from March 2008 tender exercises and onwards and for taxis replaced on or after 1 March 2008.

New taxis using CNG, Bi-fuel (CNG/Petrol), Hybrid or Electric propellant registered between 1 October 2006 and 31 December 2011 are eligible for ARF rebate of 40% of OMV under the Green Vehicle Rebate Scheme.

Age of Vehicle at De-registration	Graduated PARF Rebate *		PARF Rebate**
Age of Vehicle at De-registration	Diesel Taxis	CNG Taxis	PARF Rebate**
Not exceeding 5 years	130% of OMV	125% of OMV	75% of ARF paid
Above 5 years but not exceeding 6 years	120% of OMV	120% of OMV	70% of ARF paid
Above 6 years but not exceeding 7 years	110% of OMV	110% of OMV	65% of ARF paid
Above 7 years but not exceeding 8 years	100% of OMV	100% of OMV	60% of ARF paid

* For taxis registered with COEs obtained before May 2002 tender, and for taxis replaced before 4 May 2002

** For taxis registered with COEs obtained from May 2002 tender, and for taxis replaced on and after 4 May 2002

	6-Monthly Road Tax (From 1 July 2008 to 30 June 2009 and From1 July 2010)	6-Monthly Road Tax Formula (From 1 July 2009 to 30 June 2010)
Road Tax	$510	$357
Special Tax	$2,550	$2,550
Total	$3,060	$2,907

CNG & Bi-fuel (CNG/Petrol) taxis are currently subjected to special tax. However, exemption has been given until 31 December 2011. From 1 January 2012, CNG & Bi-fuel (CNG/Petrol) taxis will not be subjected to special tax.

Last Updated on 23/02/2009