- Ministry of Finance
Finance Minister Heng Swee Keat announced a new tiered tax system for motorcycles on 20 Feb 2017. Under the new system, the 15% Additional Registration Fee (ARF) will stay for motorcycles with an OMV of up to S$5000. The subsequent S$5000 of its OMV will incur an ARF of 50%, and the remaining OMV above S$10000 will come with an ARF of 100%.
What is the rational behind this move?
If Singapore's goal is to curb road congestion shouldn't we encourage mode of transport such as motorcycling by reducing the taxes?
Motorcycles do not contribute as much to congestion as cars so why are motorcyclist subjected to the same tax amount as cars?
We, the undersigned, call on the Ministry of Finance to eliminate the new tiered tax system for motorcycles (Announced on 20 Feb 2017 in Parliament).
The NO TO MOTORCYCLE ARF INCREMENT petition to Ministry of Finance was written by bernard and is in the category Cars at GoPetition.