Singapore Introduces Luxury Tax on Motorcycles

The Singapore Budget 2017 was announced by Finance Minister Heng Swee Keat yesterday. And in view of the recent lamentations from the motorcycling community of the record high Certificate of Entitlement (COE) prices for motorcycles – especially affecting the smaller motorcycles – the government has announced a tiered Additional Registration Fee (ARF) tax structure on motorcycles.

The existing motorcycle tax structure (Source: LTA website)

Under the existing tax structure, motorcycles are taxed Continue reading “Singapore Introduces Luxury Tax on Motorcycles”