1. As announced by Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam in the Budget Statement 2013, the Government will grant a one-off 30% road tax rebate for goods vehicles (including goods-cum-passenger vehicles), buses and taxis to relieve business costs. The one year rebate is with effect from 1 July 2013.
Revised Road Tax Rates
2. The revised road tax payable for buses, goods vehicles and goods-cum-passenger vehicles from 1 July 2013 to 30 June 2014 are in Annex A.
3. Taxis will pay a road tax of $357 per 6-month period from 1 July 2013 to 30 June 2014, instead of the current $510 per 6-month. However, the 30% rebate does not apply to the special (diesel) tax imposed on taxis.
4. With the road tax rebates, there may be cases of overpayment by owners who have paid for their road tax beyond 1 July 2013 based on the old road tax rates. The excess road tax paid would automatically be used to offset the road tax payable at the next renewal. If the vehicle is transferred before its next road tax renewal, any excess road tax paid will be used to offset the transfer fee payable, and any remaining excess road tax paid will be transferred along with the vehicle to the new registered owner.