As announced by the Minister for Finance, Mr. Tharman Shanmugaratnam, in his FY2012 Budget Statement, the special tax for Euro V compliant diesel cars will be revised with effect from 1st January 2013. Instead of the current rate of $1.25 per cubic centimetres (cc), the annual special tax for a Euro V compliant diesel car will be computed based on $0.40 per cubic centimetres (cc) of engine capacity, subject to a minimum annual payment of $400.
The revision to the special tax structure for Euro V compliant diesel cars is made in recognition of its improved emissions, relative to pre-Euro V diesel cars.
Motorists can choose to pay the special tax annually or 6-monthly, together with the road tax. The revised special tax for Euro V compliant diesel cars will result in nearly 70% savings to owners, as shown in the table below:
According to LTA, the special tax for diesel taxis and Euro IV diesel cars will remain unchanged at $5,100 per annum and $1.25 per cubic centimetres (cc) respectively.
The revision to the special tax structure for Euro V compliant diesel cars is made in recognition of its improved emissions, relative to pre-Euro V diesel cars.
Motorists can choose to pay the special tax annually or 6-monthly, together with the road tax. The revised special tax for Euro V compliant diesel cars will result in nearly 70% savings to owners, as shown in the table below:
| Engine Capacity | Current 6-monthly Special Tax | New 6-monthly Special Tax | Savings | Percentage Savings |
| 1,600cc | $1,000 | $320 | $680 | 68% |
| 2,000cc | $1,250 | $400 | $850 | 68% |
| 2,500cc | $1,563 | $500 | $1,063 | 68% |
