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SG Budget 2017: New volumetric diesel duty to be introduced today

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A special tax on diesel cars and taxis in Singapore will be permanently reduced by S$100 and S$850 respectively with immediate effect, said Finance Minister Heng Swee Keat in parliament on Monday.

A special tax on diesel cars and taxis in Singapore will be permanently reduced by S$100 and S$850 respectively with immediate effect, said Finance Minister Heng Swee Keat in parliament on Monday.

A volumetric diesel duty will be introduced to incentivise reduced diesel consumption.

To help businesses adjust, commercial diesel vehicles will be provided a 100 per cent road tax rebate for one year, and a partial road tax rebate for another two years.

Additional cash rebates will be provided to diesel buses ferrying school children.

sentifi.com

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