Singapore’s Car Tax Revenue Now So High It Exceeds Fiji’s GDP

The Singapore government reaped billions of dollars more in vehicle quota premiums and car taxes than it projected as the cost of driving reached record highs in the city-state.

Vehicle quota premiums raised S$8.66 billion ($6.9 billion) in the year ending March 2026, about 31% more than the government initially estimated a year ago. When combined with motor vehicle taxes, it brings the total to S$11.05 billion — an amount greater than the annual gross domestic product of Fiji.

Singapore has a unique system for allowing cars to stay on the road. Every vehicle must be granted a Certificate ...