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Old 23-11-2017, 08:53 PM   #21
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SINGAPORE: Prime Minister Lee Hsien Loong's comments on Sunday (Nov 19) that raising taxes is*not a matter of whether, but when, is "in line" with what Deputy Prime Minister Tharman Shanmugaratnam had said in 2015 on the adequacy of revenue, the Ministry of Finance (MOF) said on Tuesday.

The ministry's statement came after Mr Lee's comments on the impending tax hike triggered public discussion that the Government is making a U-turn.

In his capacity as Finance Minister in 2015, Mr Tharman said that the revenue measures the Government had already undertaken would provide sufficiently for increased spending planned until the end of the decade.*

"This is in line with Prime Minister Lee's speech at the PAP convention on Nov 19, 2017, where PM Lee said, 'For this current term of Government, we have enough revenue'," said MOF.

However MOF added that, as Mr Lee explained in his speech, government spending has been increasing. Planning for the issue now will allow the ministry to "better ease in the needed measures, and to give our people and businesses some time to adjust".


Read more at http://www.channelnewsasia.com/news/...an-mof-9427760

End of the decade, 2020. That's talking about current term. Changes are, tax hike after next GE.
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Old 25-11-2017, 04:41 PM   #22
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Online purchases might be subjected to GST
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Old 25-11-2017, 04:56 PM   #23
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Online income likely gg to be tax. Eg bloggers who makes money from ads, endorsements, etc.
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Old 25-11-2017, 09:09 PM   #24
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Tax whatever possible at all costs.

http://www.businesstimes.com.sg/hub/...ive#xtor=CS1-3
These eco cars are about to get more expensive
Time is running out for some buyers to save money and the planet at the same time, as eco cars look set to rise in price.

IN January a new vehicle tax scheme comes into effect, and prices for the most eco-friendly cars in Singapore are expected to rise as a result. That's because the most generous tax rebate will be S$20,000 under the new Vehicular Emissions Scheme (VES), compared to up to S$30,000 with the prevailing Carbon Emissions-based Vehicle Scheme (CEVS).

While CEVS bands cars according to carbon dioxide emissions, the more stringent VES takes into account five pollutants, thus making it likely that fewer cars will qualify for the cleanest A1 band. But the smaller rebate for the A1 band under VES means even the very cleanest cars will become more expensive in January.

The Toyota Prius C, a petrol-electric hybrid car that can travel 100km on just 3.9 litres of fuel, was priced from S$105,988 including Certificate Of Entitlement (COE), but its authorised distributor Borneo Motors says its price for 2018 will be S$116,988.
BMW's iPerformance range of plug-in hybrid electric vehicles (PHEVs) will also go up in price. "Most BMW PHEV models will be impacted with a price increase from S$5,000 to S$10,000 next year," said a spokesman for BMW Asia.

SEE ALSO: VES to hurt mass-market buyers more than super-luxury
The PHEVs can be driven on electric power for short distances, during which time they emit nothing from the tailpipe. BMW offers the widest range of such cars, with six PHEVs in its line-up.

But clean cars from more everyday brands will also be affected. A source from Cycle & Carriage said that the petrol-electric Kia Niro will also see its price rise in January, although the company does not yet know by how much. Stocks of the car are running low as buyers snap up the hybrid crossover from Korea in anticipation of the price hike.

With little more than four weeks to go before 2018 and the onset of VES, buyers interested in hybrid or PHEV cars are running out of time before their prices rise. Bringing forward a purchase decision to December could be a way to do something to save money in addition to helping to save the Earth.
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Old 25-11-2017, 10:04 PM   #25
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This is the so-called environmental-friendly policy......
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Old 27-11-2017, 11:13 AM   #26
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Quote:
Originally Posted by loveikan View Post
These eco cars are about to get more expensive

IN January a new vehicle tax scheme comes into effect, and prices for the most eco-friendly cars in Singapore are expected to rise as a result. That's because the most generous tax rebate will be S$20,000 under the new Vehicular Emissions Scheme (VES), compared to up to S$30,000 with the prevailing Carbon Emissions-based Vehicle Scheme (CEVS).
I can agree to tax adjustments on the small market and it's on people who can afford it. After all, there are about 1 car to 10 persons in Sg. And how many percent of new cars sold are green? So this whatever rebates only affect a small percentage of people.

Car is not a necessity in Singapore but many ppl confused Wants as Needs.

But all these green whatever are just lip service. How serious is this gov about going green??? It's only a joke and ppl took it seriously?

About 10yrs back, what CNG crap.... end up that big gas cylinder becomes a white elephant in the boot. Nice joke actually.

Now, this electric car hype.... is this gov really serious?? It's a big joke actually. If they are serious about it, by now, there will be many charging stations all over. We have enough space to build charging stations, in MSCPs (upper decks) but have we seen any till now? NOT that I know of.
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Old 06-12-2017, 10:47 PM   #27
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http://www.straitstimes.com/singapor...20?xtor=CS3-18

Vehicle buyers will have to pay more for a wide range of vehicle-related services from Dec 20.

The Land Transport Authority (LTA) is raising the rates for a slew of fees from vehicle registration to vehicle transfer.

In a letter sent out to motor traders last Friday, the authority said the change was because of "rising costs of providing these services". These services, it said, included things like the setting up and maintenance of IT systems as well as manpower cost.


The biggest hikes include those made to registration fees, which will go from $140 today to $220, a 57 per cent hike; and transfer fees (which is levied when a vehicle's ownership changes), which will more than double from $11 to $25. The cost to lay up a vehicle (to stop the vehicle from incuring tax and insurance costs for an extended period when it is not used) will more than treble from $5.35 to $17.12.

In response to queries from The Straits Times, an LTA spokesman said the changes arose from "a review of fees that are collected for administering vehicle services".

"From Dec 20, 24 out of 61 existing fees will be adjusted upwards, as these fees have largely remained unchanged for more than 10 years," she said.


Motor traders were surprised by the move. Mr Nicholas Wong, general manager of Honda agent Kah Motor, said: "These fees are small when compared with things like COE and ARF (additional registration fee), so I don't understand why they have to be raised.

"I guess this is part of the tax increase which was pre-empted recently."

Mr Neo Nam Heng, chairman of diversified motor group Prime, said he would refrain from commenting on tax revenue issues, but pointed out that "cost will be passed on to consumers".

Motorist Gay Eng Joo, 46, said: "Cars are big-ticket items here, so I don't think these changes will make much of a difference to consumers."

Mr Gay, an engineer, said other schemes, such as the new Vehicle Emissions Scheme (VES) which starts next month, will have a "bigger bite".

The VES metes out tax rebates or surcharges according to a car's emission levels. The majority of cars available today will either lose their rebates or face surcharges from next month.
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Old 07-12-2017, 09:31 AM   #28
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They start with big ticket items first............
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Old 07-12-2017, 12:09 PM   #29
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Drinkers and smokers ...be prepared to consider their habits a luxury item soon
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Old 07-12-2017, 02:50 PM   #30
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more acoming
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