Duty Rates

Cars

For passenger, classic cars and vintage cars that are manufactured before 1940, an excise duty rate of 20% will be levied on the customs value of the vehicle.

For vintage cars registered under the various Vintage Vehicle Schemes with the Land Transport Authority of Singapore where the vehicle was previously exempted from excise duty and a transfer of ownership occurs, the excise duty will be the duty amount that would have been payable when the vehicle was first imported into Singapore.

Example on the calculation of duties payable for cars:

Formula

Duties payable = customs value x excise duty rate 

Company A imports a motor car that was bought at S$100,000 on FOB (Free on Board) incoterms. The overseas freight, handling and insurance charges to ship the car to Singapore costs S$1,000.

Customs value of car = S$101,000

Duties payable = S$101,000 x 20% = S$20,200

Motorcycles / Scooters

For all motorcycles and scooters, an excise duty rate of 12% will be levied on the customs value of the motorcycle or scooter.

Example on the calculation of duties payable for motorcycles or scooters:

Formula

Duties payable = customs value x excise duty rate

Company A imports a motorcycle that was bought at S$19,000 on FOB (Free on Board) incoterms. The overseas freight, handling and insurance charges to ship the motorcycle to Singapore costs S$100.

Customs value of motorcycle = S$19,100

Duties payable = S$19,100 x 12% = S$2,292