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:-

• Private, Company, Rental and Tuition Cars
• Motorcycles
• Goods Vehicles
• Buses
• Taxis

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:

• Motorcar insurance
• Motorcycle insurance

Profit Margin for Motor Distributors
Varies from distributor to distributor, after taking into account the costs listed above.

Car Prices

(based on new cars registered in April 2013)

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