Singapore legislation
Regulation 31
of Road Traffic (Motor Vehicles, Registration and Licensing) Rules
Regulation 31
Sums payable upon transfer of vehicle registration
Subregulation 1
In addition to the fee payable under rule 30, a fee of 2% of the value of a vehicle shall be payable on every transfer of registration of the vehicle which occurred before 18th February 2012, subject to a minimum fee of $5 in the case of a motor cycle and $20 in the case of any other motor vehicle.
Subregulation 2
[Deleted by S 125/2006]
Subregulation 3
The value of the vehicle for the purpose of paragraph (1) shall be determined by the Registrar whose decision shall be final.
Subregulation 4
Notwithstanding paragraph (1), where the registration of a motor vehicle which has been first registered as a private motor car, a business service passenger vehicle, a private hire car or a taxi using a certificate of entitlement issued on or after 1st April 1995 under rule 3(1)(a) or (b) of the Road Traffic (Motor Vehicles, Quota System) Rules (R 31) is transferred within a period of 6 months from the date of its first registration, there shall be payable, in respect of at least one transfer of registration during that period, a fee equivalent to any positive difference derived by deducting —
the quota premium paid for the certificate of entitlement for the vehicle; from(b)the quota premium as determined by the Registrar to be payable at the time of the transfer of registration for a certificate of entitlement for a motor vehicle of the appropriate cylinder capacity.
Subregulation 5
The Registrar may, in his discretion and subject to such conditions as he thinks fit, waive any fee payable under paragraph (1) or (4) or both.