The Luxury Car Tax is levied at 33c on each dollar above a certain threshold. For most cars that threshold is $80,567 for the 2024-2025 financial year. However, for fuel efficient vehicles including Model S, Model 3, Model X and Model Y, that threshold is $91,387. The Australian ...
The article reports on the 33% increase of taxes for luxury cars in Australia in 2008. The government announces the increase of luxury car tax as part of a government commissioned review of its automotive industry. The increase affects all luxury cars with prices above $57,000 that ...
The case involved the imposition of luxury car tax and GST and the characterisation of the taxpayer’s “purpose” in displaying a number of luxury motor vehicles in a “car museum” in circumstances where each of the vehicles was available for sale and was, in fact, sold. Were the vehicle...
Besides the standard customs duty and GST, there are also additional charges like: Wine Equalisation Tax (WET): 29% tax applied to all alcoholic beverages, including wine, beer, and spirits. Luxury Car Tax (LCT): 33% tax on luxury cars with a value exceeding a certain threshold. ...
Australia imposes GST, a Wine Equalisation Tax (WET) and a Luxury Car Tax (LCT) on locally produced and imported goods. More information on GST,WET and LCT can be found on theAustralian Taxation Officewebsite. Anti-dumping (AD) and countervailing (CV) duties ...
Goods and Services Tax (GST): GST on imports is charged at 10% of the value of the taxable importation. Luxury Car Tax (LCT): LCT is a tax that is applied to luxury cars imported into Australia. It is calculated as a percentage of the value of the car that exceeds a certain thresho...
Luxury Car Tax If you buy a car from a dealer for more than $64,132, in addition to the Stamp Duty, you will also have to pay Luxury Car Tax. A higher threshold of $75,526 applies for fuel-efficient vehicles. Cars with a luxury car tax (LCT) value over the LCT threshold attract...
The fully-electric BMW iX1 eDrive20 is now available below the luxury car tax threshold*. Speak to your local BMW dealer to find out more about this new entry to BMW electric mobility. Find a BMW Dealer Build & Price THE BMW iX1 eDrive20 WITH BMW FINANCE. Don't miss this ...
Back in June, the country's Senate passed a bill drafted by the progressive Greens party to remove the tax on sanitary products, previously considered by law to be "luxury" items. All that was left to do was convince the country's state and territory governments to agree — and now they...
Starting from 1 January 2025, Hong Kong will reinstate the Hotel Accommodation Tax (HAT) at a rate of 3%, based on the room rate provided by the property. This may affect your total accommodation costs. We recommend you read the Hotel Accommodation Tax details before booking. For more inform...