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Learn about the GST rules for the motor trade sector in Singapore, covering compliance details and sector-specific rules.
RF and Road Tax. ARF, COE, RF and Road Tax are charges imposed by LTA on vehicle buyers. These charges do not attract GST as they do not relate to the provision of goods or services. Example 2: Sale of new vehicle to another motor vehicle trader Vehicle Price $50,000 (inclusive of ARF, COE, RF, Road Tax & excluding GST) ARF $14,000 COE $13,000
Car and Car-related Benefits. Share: Car and car-related benefits given to an employee are taxable based on the value of benefit derived from the employee’s private usage of the car or car-related items. On this page: Tax Treatment of Various Car and Car-related Benefits (Summary Table)
29 lis 2015 · On 20 November 2015, the Inland Revenue Authority of Singapore (IRAS) issued the second edition of the e-Tax Guide, “GST: Guide for motor vehicle traders”. This Guide is for GST registered businesses selling new and/or second-hand motor vehicles and explains the GST treatment applicable to motor vehicle traders as well as provides ...
Buying a new vehicle comes with taxes and fees which make up your total upfront vehicle costs. They include: Registration Fee (RF) Additional Registration Fee (ARF) Quota Premium for a Certificate of Entitlement (COE) Road Tax. Excise Duty.
6 maj 2024 · A resident individual's taxable income (after setoff of personal reliefs and deductions) is subject to income tax at progressive rates. Current rates from the year of assessment 2024 (income year 2023) are shown below.
30 maj 2024 · Singapore, an island country in Southeast Asia, is located off the southern edge of the Malay Peninsula, between Malaysia and Indonesia. Its official languages are English, Malay, Chinese, and Tamil, and the currency is the Singapore dollar (SGD).
