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  • 2 Post By Akael

First registration tax?

  1. #1

    Join Date
    Nov 2012

    First registration tax?

    I am finally seeing the light at the end of the tunnel, received the taxable value for my imported motorcycle after 9 months of headaches. For people who have done this is the tax charged on the amount listed or is the amount listed the amount of tax that I have to pay? I hope it's not the latter.....

  2. #2

    Join Date
    Dec 2008

    Should be the former:

    Step 5 : Calculation of First Registration Tax

    5.1 In general, the first registration tax of vehicle will be derived from the taxable value
    times the appropriate tax rates as shown below:

    Class of Motor Vehicle Rate of Tax
    I. Private cars
    (a) on the first $150,000 40%
    (b) on the next $150,000 75%
    (c) on the next $200,000 100%
    (d) on the remainder 115%

    II. Motor cycles and motor tricycles 35%

    III. (a) Goods vehicles, other than van-type light goods vehicles (LGV) 15%
    (b) Van-type LGV not exceeding 1.9 tonnes permitted gross
    vehicle weight :-
    (i) on the first $150,000 35%
    (ii) on the next $150,000 65%
    (iii) on the remainder 85%
    (c) Van-type LGV exceeding 1.9 tonnes permitted gross vehicle
    weight 17%

    IV. Taxis, Light buses, Buses and Special purpose vehicles 3.7%

    Seeing this - how much would a McLaren cost here then?!

    Last edited by Akael; 05-03-2014 at 01:12 PM.
    shri and Titus like this.

  3. #3

    Join Date
    Nov 2012

    Yeah, so many Bentleys, Ferraris, and Lamborginis, HK government loves those taxes.

  4. #4

    Join Date
    Aug 2005
    Clear Water Bay (In Da Jungle)

    If you need to ask you can't afford it. Re expensive cars LOL

    Sent from my Nexus 5 using GeoClicks mobile app

  5. #5

    Join Date
    Dec 2008

    Trying to work out which is more, the vehicle or the tax

    Found this price list

    Model Price include tax (HK$)
    Lamborghini Gallardo LP550-2 3,588,000
    Gallardo LP550-2 Spyder 3,710,500
    Gallardo LP550-2 Tricolore 3,630,000
    Gallardo LP560-4 3,688,000
    Gallardo LP560-4 Spyder 3,988,000
    Gallardo LP560-4 Noctis 3,720,000
    Gallardo LP560-4 Bicolore 3,720,000
    Gallardo LP570-4 Superleggera 4,188,000
    Gallardo LP570-4 Spyder
    Gallardo LP570-4 Super Trofeo
    Aventador LP700-4 6,380,000

  6. #6

    Join Date
    Dec 2009

    Delete this.

    Last edited by emx; 05-03-2014 at 07:48 PM.