With the enactment of the Motor Vehicles (First Registration Tax) (Amendment) Bill 2011, what are the exemption or tax concession measures introduced by the Government? What are the arrangements for applying for exemption, concession or refund?

With the enactment of the Motor Vehicles (First Registration Tax) (Amendment) Bill 2011, the Government has introduced the following exemption and concession measures:

(1) private cars on order before 11:00 a.m. on February 23, 2011 will be exempted from the new rates when paying FRT; it means that these private cars shall be subject to FRT rates before the adjustment is introduced; and

(2) under the new FRT rates, the concession for first registered environment-friendly petrol private cars will increase from a 30% concession in FRT, subject to a cap of $50,000 per car, to a 45% concession in FRT, subject to a cap of $75,000 per car.

If the private car concerned is first registered on or after 17 June 2011, the registered distributor or self-imported vehicle owner has to submit an application and provide relevant documentary proof and the vehicle would only be exempted from paying the new tax rates (i.e. would pay according to the old tax rates) upon verification of  relevant information.  Please refer to the application form below for details. If the documents are in order, the processing would take about a few days to one week to complete.

Application Form for Exemption from Paying Motor Vehicles First Registration Tax at Prevailing Tax Rates