Discounted Sale Price Scheme

Key Requirements

It can cover a non-dealer occasionally selling a business-used vehicle and specified second-hand dealers. No advance IRAS approval is needed, but eligibility still matters. For an excluding-GST price, output tax is 9% times 50% of that price; for an inclusive price, use 9/209. Report the full selling price excluding the calculated tax as supply value. Selling a company vehicle can still create output tax even if purchase input tax was blocked. A registered buyer’s input claim requires an eligible commercial vehicle and the ordinary conditions, so this scheme does not remove the private motor-car restriction.