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Certificate Of Entitlement (COE) Rebate

  • If a vehicle is deregistered before expiry of its COE, the registered owner may be granted a rebate based on the Quota Premium (QP), or Prevailing Quota Premium (PQP) (in the case of a vehicle with a COE that has been renewed), which he has paid, pro-rated to the number of months and days remaining on his vehicle's COE.


To illustrate, assume:

QP/PQP of 10-year COE paid (i.e. after any upfront rebate, if any) = $16,897
COE expiry date = 5 June 2015
Vehicle deregistered on 2 January 2013.

Unused period of the COE is calculated as follows:

From 3/1/2013 to 2/6/2015 = 29 months (i.e. 2 years and 5 months)
From 3/6/2015 to 5/6/2015 = 3 days or 0.1 month (i.e. 3 days divide by 30 days)

Hence, total unused period of COE = 29.1 months. The COE rebate is thus calculated as follows:

PARF_COE_Rebates.MainPar.43054

Vehicles registered using Category E (Open Catergory) COE

  • For vehicles registered using Category E COE, the rebate will be based on the QP of Category E or its corresponding category from the same tender exercise, whichever is lower.
file
PARF_COE_Rebates.MainPar.93002
  • For vehicles registered using Category E  COEs and whose COEs have been renewed, the rebate will be based on the PQP paid, pro-rated to the number of months and days remaining on the vehicle's COE (as illustrated in the first example above).


Vehicles deregistered within 2 years of their registration for the purpose of export

  • For vehicles deregistered 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 such vehicles registered using Category E COE, the rebate will be capped at 80% of either the Category E or its corresponding COE category from the same tender exercise, whichever is lower.
  • To check your vehicle rebates, click here.

Preferential Additional Registration Fee (PARF) Rebate

  • The PARF rebate is computed based on the age of the car at deregistration. The age of the car is computed from the date of its registration (locally or overseas, whichever is earlier).
  • The table below list the applicable PARF rebate based on the age of the car at deregistration:
Age at Deregistration PARF Rebate 

Not exceeding 5 years 75% of ARF paid
Above 5 but not exceeding 6 years 70% of ARF paid
Above 6 but not exceeding 7 years 65% of ARF paid
Above 7 but not exceeding 8 years 60% of ARF paid
Above 8 but not exceeding 9 years 55% of ARF paid
Above 9 but not exceeding 10 years 50% of ARF paid
Above 10 years Nil
  • Please click here for information on the Additional Registration Fee (ARF) payable for cars.
  • For cars that have enjoyed tax incentives such as the Green Vehicle rebate. Off-Peak Car rebate or Carbon Emission-based Vehicle Scheme (CEVS) rebate, the calculation of the PARF rebate will be based on the net ARF i.e. ARF less rebate enjoyed.
  • The car must have been a new car at the time of registration in Singapore, or an imported used car that was registered in Singapore on or after 1 September 2007.
  • If your car is a converted off-peak car (OPC), additional PARF rebate may be given as follows:
file


         

Eligibility for PARF Rebate

Cars registered under the following schemes must meet all of the following criteria to enjoy the PARF rebate:

 

Private / Off-peak / Company / Private Hire Cars

  • Must not be more than 10 years old at the time of deregistration;
  • Must not have been laid-up before (i.e. must be licensed at all times); and
  • Must be a new car at the time of registration in Singapore or an imported used car registered in Singapore on or after 1 September 2007.

Taxis

  • Must not be more than 7 years old at the time of deregistration, or if the COE had been extended, then it must not be more than 8 years old at the time of deregistration;
  • Must not have been laid-up before; and
  • Must be a new taxi at point of registration. 

 


Validity of the PARF/COE Rebate (s)

  • All PARF/COE rebate(s) are valid for 12 months from the date of deregistration. For example, if your car was deregistered on 1 June 2015, your PARF/COE rebate(s) will be valid till 31 May 2016


How to Use PARF/COE Rebate(s)
Offset Various Upfront Vehicle Taxes and Fees

  • The PARF/COE rebate(s) can be used to offset the Registration Fee (RF), Additional Registration Fee (ARF), the Quota Premium (QP), Used Car Surcharge and CEVS Surcharge payable for the registration of a car in your name.
  • The COE rebate can also be used to offset the Prevailing Quota Premium (PQP) payable for renewing the COE of a vehicle that is currently registered to you.  
  • Any excess amount not used will be forfeited.

 

Encashment of PARF/COE Rebate(s)

  • You may encash your PARF/COE rebate(s) if you do not intend to use it. 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 click here for the step-by-step guide on how to encash PARF/COE rebate(s). 

Split/Division of PARF/COE Rebate(s)

  • You can apply to LTA to divide the value of your PARF/COE rebate into smaller values. A fee of $10 (subjected to GST) is payable for each new PARF/COE rebate generated.

Please click here for the step-by-step guide on how to divide PARF/COE rebate(s).

Transfer of PARF/COE Rebate(s)

  • You can transfer the PARF/COE rebate (together or separately) to another person if you do not intend to use it. A fee of $10 is payable for every transfer.

          Please click here for the step-by-step guide on how to transfer PARF/COE rebate(s).

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