Updated: 02/26/2013 01:38

1-yr rebate of 30% in road tax for goods vehicles, buses & taxis to help ease companies' cash flow



1-yr rebate of 30% in road tax for goods vehicles, buses & taxis to help ease companies' cash flow

The government will do more to help ease the cash flow of companies, with a road tax rebate for commercial vehicles.

It'll give a one-year rebate of 30% for goods vehicles, buses and taxis.

The rebate will take effect on 1 July and will save businesses $46 million.

Owners of commercial vehicles who choose to renew their COE for only five years when it expires will now be able to extend it further for another five years.

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