Company Car Tax

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shandy1: Newbie; Posts: 12; Joined: Wed, 04 Jul 2007 10:49 am

Company Car Tax

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Post by shandy1 » Tue, 26 Feb 2008 12:37 pm

Hey guys,

Wonder if you can help me out, looks like a possibility that I will be offered a company car from my employer.

However can anyone advise if there are heavy tax penalties for this in Singapore - I had company car in Uk and taxes were pretty hefty on that, but needed it there. Dont really need it here and if I am going to be financially penalised then will have to reconsider the offer.

Any help / websites would be great.

Thanks

sundaymorningstaple: Moderator; Posts: 39992; Joined: Thu, 11 Nov 2004 1:26 pm; Answers: 11; Location: Retired on the Little Red Dot

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Post by sundaymorningstaple » Tue, 26 Feb 2008 2:08 pm

Everything you wanted to know but were afraid to ask about company provided cars with regard to the tax ramifications of same.\

Car-related items

SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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