Company Car Tax

[shandy1]

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]

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

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