OMV
What is OMV? It stands for Open Market Value.
OMV is assessed by the
Singapore Customs (Tel: 6355 2000), taking into account purchase price, freight, insurance and all other charges incidental to the sale and delivery of the car from country of manufacture to Singapore. To get an estimated OMV of a particular car model, please click
here.
Vehicle Tax Structure
Please choose your vehicle:-
Goods & Services Tax (GST)
GST is approximately 7% (with effect from 1 July 2007) of the Custom Duty and OMV.
Vehicle Number Plate
On average, the cost of a set of normal number plate will range between $25 to $30.
Motor Vehicle Insurance
With today's competitive market, there are many insurance services available. Click on the links below to see directories of insurance companies for some ideas:
Profit Margin for Motor Distributors
Varies from distributor to distributor, after taking into account the costs listed above.
Vehicle Radio Licence Fee (if a radio set is installed)
- 6 months: $13.50
- 1 year: $27.00
Car Prices
Click the following link to catch a glimpse of:
(based on new cars registered in November 2008)
