{"id":772,"date":"2023-06-01T09:05:46","date_gmt":"2023-06-01T09:05:46","guid":{"rendered":"https:\/\/opencompanysingapore.com\/selling-motor-vehiclescars-in-singapore\/"},"modified":"2023-07-14T13:05:02","modified_gmt":"2023-07-14T13:05:02","slug":"selling-motor-vehiclescars-in-singapore","status":"publish","type":"post","link":"https:\/\/opencompanysingapore.com\/selling-motor-vehiclescars-in-singapore\/","title":{"rendered":"Selling Motor Vehicles\/Cars in Singapore"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002e5b;color:#002e5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002e5b;color:#002e5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/opencompanysingapore.com\/selling-motor-vehiclescars-in-singapore\/#motor-vehicle-sellers-in-singapore\" title=\"Motor vehicle sellers in Singapore\">Motor vehicle sellers in Singapore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/opencompanysingapore.com\/selling-motor-vehiclescars-in-singapore\/#what-are-the-documents-required-when-selling-cars-in-singapore\" title=\"What are the documents required when selling cars in Singapore?\">What are the documents required when selling cars in Singapore?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/opencompanysingapore.com\/selling-motor-vehiclescars-in-singapore\/#selling-vehicles-in-singapore\" title=\"Selling vehicles in Singapore\">Selling vehicles in Singapore<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"motor-vehicle-sellers-in-singapore\"><\/span><strong>Motor vehicle sellers in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Selling motor vehicles and cars in Singapore<\/strong>&nbsp;is a complex activity which implies the following activities:<\/p>\n\n\n\n<ul>\n<li>&#8211; importing the motor vehicles in Singapore,<\/li>\n\n\n\n<li>&#8211; selling new vehicles,<\/li>\n\n\n\n<li>&#8211; selling second-hand vehicles,<\/li>\n\n\n\n<li>&#8211; selling motor vehicles and car bodies and parts of de-registered vehicles.<\/li>\n<\/ul>\n\n\n\n<p><strong>All cars and vehicles in Singapore must be registered with the Land Transport Authority (LTA).<\/strong>&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/types-of-companies-in-singapore\">Singapore companies<\/a>&nbsp;selling motor vehicles<\/strong>&nbsp;are also required to register with the Customs authorities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-the-documents-required-when-selling-cars-in-singapore\"><\/span><strong>What are the documents required when selling cars in Singapore?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Due to all safety requirements imposed by the LTA for&nbsp;<strong>Singapore companies selling motor vehicles<\/strong>, there are certain documents to be obtained when importing and re-selling cars. The following documents are necessary when&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/imports-and-exports-in-singapore\">importing motor vehicles in Singapore<\/a><\/strong>:<\/p>\n\n\n\n<ul>\n<li>&#8211; an ATA Carnet, which is a temporary import-export documents used for motor vehicles to be re-exported;<\/li>\n\n\n\n<li>&#8211; a Temporary Certificate of Entitlement;<\/li>\n\n\n\n<li>&#8211; a Certificate of Entitlement.<\/li>\n<\/ul>\n\n\n\n<p>Cars can be imported based on the Discounted Sales Price Scheme which allows&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/company-registration-in-singapore\">companies in Singapore<\/a>&nbsp;to sell second-hand motor vehicles<\/strong>&nbsp;with a goods and services tax applied on 50% of the selling price of the car. Cars can also be imported according to the Gross Margin Scheme through which the GST applies on the difference between the vehicle\u2019s selling and purchase price.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"selling-vehicles-in-singapore\"><\/span><strong>Selling vehicles in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Not all companies are required to&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/value-added-tax-in-singapore\">register for taxation purposes with the Singapore tax authorities<\/a><\/strong>. However,&nbsp;<strong>companies selling motor vehicles in Singapore<\/strong>&nbsp;are required to pay the goods and services tax on the cost, insurance and freight (CIF) value and the customs duties.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.opencompanysingapore.com\/general-guide-to-company-incorporation-singapore\">Singapore companies<\/a>&nbsp;selling new vehicles<\/strong>&nbsp;are required to display the price of the vehicle with the GST included. If selling motor vehicles to another vehicles trader, the company is not required to display the price with the GST. The vehicles are also subject to a mechanical inspection with the Land Transport Authority before being registered.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.opencompanysingapore.com\/residence-permit-in-singapore\">Singapore citizens<\/a><\/strong>&nbsp;purchasing cars under the Preferential Additional Registration Fee may benefit from returns on their used vehicle\u2019s open market value upon de-registration.<\/p>\n\n\n\n<p>For information regarding&nbsp;<strong>tax incentives for selling or purchasing motor vehicles<\/strong>&nbsp;please&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/contact\">contact<\/a><\/strong>&nbsp;our specialists in&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>opening companies in Singapore<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Motor vehicle sellers in Singapore Selling motor vehicles and cars in Singapore&nbsp;is a complex activity which implies the following activities: All cars and vehicles in Singapore must be registered with the Land Transport Authority (LTA).&nbsp;Singapore companies&nbsp;selling motor vehicles&nbsp;are also required to register with the Customs authorities. What are the documents required when selling cars in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[34,244,242,243,245,11],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Selling Motor Vehicles\/Cars in Singapore<\/title>\n<meta name=\"description\" content=\"Find here the requirements for selling cars in Singapore. 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