Singapore legislation
Regulation 49
of Road Traffic (Motor Vehicles, Registration and Licensing) Rules
Regulation 49
Additional registration fee payable upon loss of exempt status
Subregulation 1
This rule applies to any relevant impost that is a tax that would have been payable under section 11(1)(a) of the Act on the first registration of a vehicle if not for any of the following applying to the vehicle:
the operation of section 14 of the Act which is repealed by the Road Traffic (Amendment) Act 2021;
an exemption under section 33 of the Act;
an exemption under any order made under section 142 of the Act.
Subregulation 2
For the purposes of section 11B(4)(a) of the Act, the tax that is payable upon the happening of a disqualifying event in relation to a vehicle which has not ceased to be kept or used on any road in Singapore and has not been destroyed or removed from Singapore, is an amount worked out as follows:
first, ascertain the value of the vehicle as at the date the disqualifying event happens;
then, ascertain the amount payable according to Part II of the First Schedule based on the value ascertained under sub-paragraph (a).
Subregulation 3
For the purposes of paragraph (2)(a), the value of the vehicle as at the date the disqualifying event happens has to be determined by depreciating over 20 years the value of the vehicle as determined by the Registrar under rule 7(3) on the date of its first registration under these Rules.
Subregulation 4
In this rule, “disqualifying event” has the meaning given by section 11B(10) of the Act.