Postponement of February's Second COE Bidding Exercise Might be Due to Major Changes in Tax Structure

Postponement of February's Second COE Bidding Exercise Might be Due to Major Changes in Tax Structure

A two-day delay in the COE might be related to Monday’s Budget Day announcements. Plenty of speculation has been placed on the revised taxation of emissions standards, especially targeted at Diesel engine cars; which have recently grown in popularity in the city state. 

OneShift Editorial Team
OneShift Editorial Team
18 Feb 2017

Also on the agenda, is how to go about in administering tax rebates or surcharges, depending on the carbon dioxide emissions of a car.

According to ST, rules for private-hire cars will also likely be affected. In particular, Uber and Grab have been blamed for the increase of COE prices in recent years.

Read more about the news here:
http://www.straitstimes.com/singapore/transport/coe-tender-postponement-sparks-speculation-of-big-car-tax-changes?

Credits:

International News
Other Articles
Explore moreright arrow
Market Watch: Save These Luxury Sedans Before They Hit The Scrapyard
BMW i7 Singapore Icons Is A One Of One SG60 Special
BYD Sealion 6 DM-i First Drive Review: Plugged-in Gentleness
get quote bg
Sell your car at the highest price in Singapore
  • pros
    Convenient and Hassle-Free
  • pros
    Consumer Protection
  • pros

    Transparent Process
    With No Obligation