Duty Rates

Cars

For all passenger and classic cars, an excise duty rate of 20% will be levied on the customs value of the vehicle.

For vintage cars that are manufactured before 1940, an excise duty rate of 20% will be levied on the customs value of the car if it is registered with the Land Transport Authority of Singapore under the:

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