How do I import a vintage car into Singapore?

How much does it cost to import a classic car?

Charges to ship a vehicle may range from $3,500 to $5,500 from Europe to the East Coast and from $4,500-6,000 from Japan to the West Coast. There is also a $500 entry fee plus a 2.5% United States duty tax.

Can import used car to Singapore?

Import and register a car

You can also import a used car that is less than 3 years of age, and also classic or vintage cars. When importing the car, you will have to pay an excise duty to Singapore Customs, calculated based on 20% of the Open Market Value (OMV) of the car.

Is there import duty on classic cars?

Classic cars are set to come with a hefty 20 percent VAT charge alongside an additional 10 percent import duty.

How much does it cost to import a car to Singapore?

Singapore car import tax and other key costs

Import steps Cost¹
Application for LTA vehicle approval S$286.50
Certificate of Entitlement (COE) Up to S$62,190²
Registration Fee (RF) S$220
Additional Registration Fee (ARF) 100% for first S$20,000 of OMV140% for next S$30,000180% above S$50,000

How can I import a car to Singapore?

Guide to Importing Dutiable Motor Vehicles

  1. Step 1: Applying for Singapore Customs’ Assessment of Vehicle’s Customs Value. …
  2. Step 2: Approval by Singapore Customs. …
  3. Step 3: Payment of Duties and Goods & Services Tax (GST) …
  4. Step 4: Clearance of Motor Vehicle. …
  5. Check with Land Transport Authority (LTA)
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Is it cheaper to import a car?

As import cars become more common, you’re likely to find that buying your new motor at home is much cheaper. However, if you’re after a luxury or a vintage model, you may have no choice but to look abroad. Just remember to always do the math. … After all, your import may not be as cheap as you thought it was.

How much is US import duty?

The standard VAT rate is 20% that is applicable to most goods and services. The 20% is charged on the total value of the goods including the cost of packaging, transport and insurance. It also includes any duty that has been charged on the goods.

Do I have to pay VAT on an imported car?

You have to pay VAT on all used and new cars imported from Great Britain. If you buy a car in Northern Ireland, you only have to pay VAT in Ireland on new cars. … VAT is charged at the rate of 23%.

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