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#SGBudget2022: Luxury cars to be taxed at higher rate of 220%
Under the new tax rate, the ARF is tiered at 100 per cent of the OMV for the first S$20,000; 140 per cent for the next S$30,000; 180 per cent for the subsequent S$30,000 and 220 per cent for the amount in excess of S$80,000.
