OMVGoods & Services Tax (GST)
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:-
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.