BUDGET 2023 – Adjusted Additional Registration Fee Tier
19/02/2023
Higher-end cars with an OMV (the approximate cost of a car before taxes) higher than $80,000 will incur an additional registration fee (ARF, or the main car tax) of 320 per cent.
Please refer to CNA website for detailed chart.
The changes will take effect from the next round of certificate of entitlement (COE) bidding, which closes on Feb 22.
Buyers of cars with an OMV of $40,000 or less will be unaffected.
Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!
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