Which vehicles are affected by the revised PARF rebate?
The revised PARF rebate schedule and cap of $30,000 apply to all new cars registered with COEs obtained from the second COE bidding exercise in February 2026 onwards (i.e. from the bidding exercise that concluded on 20 Feb 2026). An example of the application of the revised PARF rebate schedule and cap can be found in Annex A.
For cars that do not need a COE for registration (e.g. taxis, COE-exempt cars), the revised PARF rebate schedule and cap of $30,000 apply to those that are registered on or after 13 February.
The revised PARF rebate schedule and cap do not apply to vehicles that are (i) already registered, or (ii) not eligible for PARF rebates, such as Goods-cum-Passenger Vehicles (GPVs), classic and vintage cars, and vehicles that have been laid-up.
Related questions
Why are buyers subject to the prevailing PARF rebate at the point of registration based on the date the COE is obtained rather than at the point of sale? / Can the effective date be deferred to allow affected buyers time to adjust?
Why was the PARF rebate revised?
Why not introduce a COE surcharge, like an Additional Buyer's Stamp Duty, for those households with multiple cars?
What affects COE prices? What is fuelling the high bids in 2025? Are our policy measures (e.g. the one-off injection of 20,000 COEs in Oct 2024 and the 'cut-and-fill' to bring forward COE quota from peak years) ineffective given rising COE prices?
