First registration tax?

[JohnHK39]

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.....

[Akael]

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?!

[JohnHK39]

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

[wtbhotia]

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

Sent from my Nexus 5 using GeoClicks mobile app

[Akael]

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
Performante
4,508,000
Gallardo LP570-4 Super Trofeo
Stradale
4,380,000
Aventador LP700-4 6,380,000

[emx]

Delete this.