An honorable member of the Coffee Shop Has Just Posted the Following:
Budget 2015: Petrol duty rates up, but offset by one-off road tax rebate
Deputy Prime Minister Tharman Shanmugaratnam also announced that the Carbon Emission Vehicle Scheme, which sees rebates given out with purchase of environmentally-friendly cars based on their emission levels, will be extended for two years, until Jun 30, 2017.
SINGAPORE: Petrol duty rates are set to increase, but this increase in expenditure for drivers will be partially offset by a one-off road tax rebate, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam announced in his Budget 2015 speech on Monday (Feb 23).
Petrol duty rates are set to rise by S$0.20 for premium grade petrol, and by S$0.15 for intermediate grade petrol, Mr Tharman said. This adds up to a petrol duty rate of S$0.64 and S$0.56 per litre for premium and intermediate grade petrol respectively.
However, vehicle owners will enjoy a one-year road tax rebate. The rebate wsill be 20 per cent for cars, 60 per cent for motocycles and 100 per cent for commercial vehicles.
The Deputy Prime Minister also announced that the Carbon Emission Vehicle Scheme, which sees rebates given out with purchase of environmentally-friendly cars based on their emission levels, will be extended for two years, until Jun 30, 2017. There will be refinements to encourage a further shift to greener cars, he added.
The Early Turnover Scheme will also be enhanced from August this year to further encourage the replacement of older commercial vehicles with greener vehicles, he announced.
- CNA/es
http://www.channelnewsasia.com/news/...y/1674428.html
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23-02-2015, 05:50 PM
Petrol duty rates up, but offset by one-off road tax rebate
