Certificate Of Entitlement (COE) Rebate
 |
 |
If the vehicle is de-registered before its COE expires, the registered owner may be granted a rebate on the Quota Premium (QP) which he has paid. The rebate is pro-rated to the number of months and days remaining on the vehicle's COE.
|
To illustrate, assume:
Quota premium of COE paid = $16,897
COE expiry date = 3 June 2015
Vehicle de-registered on 31 May 2006.
Unused period of the COE is calculated as follows:
From 1/6/2006 to 3/6/2006 = 3 days or 0.1 month (i.e. 3 days divide by 30 days)
From 4/6/2006 to 3/6/2015 = 9 years or 108 months (i.e. 9 years x 12 months)
Hence, total unused period of COE = 108.1 months. The COE rebate is thus calculated as follows:
Vehicles registered using Open Category (Cat E) COE- For vehicles registered using "Open" Category COEs, the rebate will be based on the QP of either the "Open" Category, or its corresponding category, from the same tender exercise, whichever is lower.
Vehicles de-registered within 2 years of their registration for the purpose of export- For vehicles de-registered within 2 years of their registration for the purpose of export, the rebate will be capped at 80% of the QP paid on registration. For vehicles registered using "Open" Category (Cat E) COE, the rebate will also be capped at 80% of the QP of either the "Open" Category QP or its corresponding category, from the same tender exercise, whichever is lower.
|
|
To check your vehicle rebates, click here.
|
Preferential Additional Registration Fee (PARF)
|
|
The PARF rebate is computed based on the age of the car at de-registration . The age of the car is computed from the date of its registration in Singapore or its original registration in a foreign country, whichever is earlier. Imported used car registered in Singapore before 1 September 2007 is not eligible for PARF rebate.
|
|
|
Breakdown of the PARF benefit for PARF-eligible cars is indicated in the table below: |
| For Cars Registered On or After 1 Nov 90: |
Age at Deregistration
(year) |
Graduated PARF Rebate
(For cars registered with COEs obtained before May 2002 tender) |
New PARF Rebate
(for cars registered with COEs obtained from May 2002 tender) |
| Not exceeding 5 |
130% of OMV |
75% of ARF paid |
Above 5 but
not exceeding 6 |
120% of OMV |
70% of ARF paid |
Above 6 but
not exceeding 7 |
110% of OMV |
65% of ARF paid |
Above 7 but
not exceeding 8 |
100% of OMV |
60% of ARF paid |
Above 8 but
not exceeding 9 |
90% of OMV |
55% of ARF paid |
Above 9 but
not exceeding 10 |
80% of OMV |
50% of ARF paid |
| Above 10 |
Nil |
Nil |
|
|
For cars registered with COEs obtained from March 2008 tender exercise and onwards, the Additional Registration Fee (ARF) is 100% of Open Market Value (OMV). For cars registered with COEs obtained from March 2004 to February 2008 tender exercises, the ARF is 110% of OMV. For cars registered with COEs obtained from May 2002 to February 2004, the ARF is 130% of OMV. For cars registered with COEs obtained before May 2002, the ARF is 140% of OMV.
|
|
|
For imported used cars (only those registered in Singapore on or after 1 September 2007 will be eligible for PARF rebate), the $10,000 used car surcharge will not be taken into consideration in the computation of PARF rebate. |
|
|
If your car has been a weekend car or an off-peak car (OPC) since its registration, the PARF rebate is as stated above or based on what the owner had actually paid as Additional Registration Fee (ARF) at the time of its registration, whichever is lower.
|
|
|
If your car is a converted off-peak car (OPC), additional PARF rebate may be given as follows:
|
Lifespan as converted OPC (in months and days) X $2,200/12
Eligible for PARF Rebate? Check to see!
Validity of the PARF/COE Rebate
|
|
All PARF/COE rebates are valid for 12 months from the date of de-registration of the old car (PARF rebate) or vehicle (COE rebate). |
How to Use PARF/COE Rebate
|
|
You can use the PARF/COE rebate to offset the various upfront vehicle taxes and fees when you register a car, namely, the Additional Registration Fee (ARF), the COE Quota Premium (QP), the Registration Fee (RF) and the $10,000 used car surcharge (for an imported used car from 1 September 2007). Any excess amount that is not used will be forfeited. You can also use a COE rebate under your name to offset the Prevailing Quota Premium (PQP) when you renew your existing vehicle's COE. |
|
|
You can apply to LTA to divide the value of your PARF/COE rebate into smaller values. Pay a $10 (before GST) fee for each rebate generated. |
|
|
You can also combine multiple number of PARF/COE rebate and use it when registering a new car or imported used car (from 1 September 2007). You only need to notify your car dealer before the car is registered with LTA. |
|
|
You can transfer the PARF/COE rebate to another person if you do not intend to use it. A $10 fee is payable for every transfer.
|
|
|
Effective from 1 September 2008, vehicle owners will have the added flexibility to encash their unused valid PARF/COE rebates. This is to make it easier for car owners to give up their cars and switch to public transport. This ties in with the overall effort to make public transport a choice mode for all commuters, including current car owners. Please refer to the News Release for more information. |
