Original Post
Weelock

9-4-2012 12:41
Reply #1 SZ650's post

I have an old thread on taxes on luxury cars in HK

==========================

Private Car Taxable Value:
(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%

===========================

The Maybach isn't the most expensive car in the world, but it is the highest-price line of autos made by Mercedes-Benz. The 62S model of the Maybach costs 8 million Hong Kong dollars (about US$1 million). And that's without extras.

But the biggest reason for its high price is the Hong Kong luxury tax, about 50% in this Chinese territory. In the U.S., the car costs about $459,000.


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UsernameTimeCreditsReason
SZ650 9-4-2012 13:40 Karma +1 Crazy! Are those in HKD or USD?


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