Assessment of value for second hand motor vehicles


Users are informed that the value of second hand vehicles attracting Excise Duty are computed based on the FOB value of previously imported identical vehicles reduced by 9% for the first month of use and 1% for each subsequent month up to a maximum of 50%.

In case the value as above is not available, the Retail Market Price data in the country of exportation when new, published in guide book or other similar publications on motor vehicles approved by the Director of Customs, reduced by 5%, and 9% for the first month of use and 1% for each subsequent month up to a maximum of 50%.

The following websites and guide books have been approved for the assessment of FOB values:

  1. Websites
  2. Guide Books
    • JAAI Silver Book – Japan Used Car Price Guide Book
    • Parkers Guide Books
    • Japanese Motor Vehicles Guide Books
    • Glass Guide (UK)
    • Auto Dealers’ Guide Book ( South Africa)

For motor vehicles imported from Japan, the FOB value can be assessed using the Online Second Hand Vehicle Valuation System. Should you encounter any difficulty in using this IT application, you may contact the Second Hand Vehicle (SHV) Unit on 2020500 (Ext: 2072).

Motor vehicles

  • IED - Import Excise Duty
  • VAT - Value Added Tax

The rate of Excise duty and taxes on motor vehicles (motor cars including motor vehicles equipped with up to 10 seats including the driver) is as follows:

Type of motor car and cylinder capacity (c.c.) IED VAT
Conventional motor cars:
Up to 550 c.c. 0% 15%
551 - 1,000 c.c. 45% 15%
1,001 - 1,600 c.c. 50% 15%
1,601 - 2,000 c.c. 75% 15%
Above 2,000 c.c. 100% 15%
 
Hybrid motor cars:
Up to 550 c.c. 0% 15%
551 -1600 cc 25% 15%
1,601 - 2,000 c.c. 45% 15%
Above 2,000 c.c. 70% 15%
 
Hybrid Motor Cars capable of being charged by plugging to external source of electric power:
Up to 550 c.c. 0% 15%
551 - 1,000 c.c. 10% 15%
1,001 - 1,600 c.c. 15% 15%
1,601 - 2,000 c.c. 30% 15%
2,001 - 3,000 c.c 55% 15%
Above 3,000 c.c. 65% 15%
   
Electric cars:
Up to 180 Kw 0% 15%
Above 180 Kw 15% 15%

Motor Cycles

The rate of Excise duty and taxes on motor cycles is as follows:

Conventional motor cycles:
Engine Capacity Rate of Excise Duty VAT
Up to 300 cc 0 %  15 %
Above 300 cc to 450 cc 45 %  15 %
Above 450 cc 100 %  15 %
 
Electric Motor Vehicles
Up to 6 Kw   0 %  15 %
Above  15 %  15 %