Emissions-based car taxes in the works [News]
By Christopher Tan, The Straits Times, 8 Feb 2012.
The Government will soon announce a new emissions-based vehicle tax system.
It is expected to replace the decade-old green vehicle rebate scheme, which expires at the end of the year.
But more than just handing out tax rebates to buyers of environmentally friendlier cars, the new scheme will take a carrot-and-stick approach.
Buyers of fuel-efficient new cars stand to enjoy rebates of up to $15,000, which they can use to offset their vehicles’ Additional Registration Fee (ARF), the main car tax here. Those who go for more pollutive models may have to pay up to $15,000 in extra taxes.
Click here to read the full story.
Source: The Straits Times