i thought import duty had fallen to 5%
I find it funny how LCT is calculaed after Imprt Tax and GST after Import Tax and LCT. If LCT and GST was on the original price it should be around 750K not 850K, so 100K more for the Government
Why should you pay a tax on a tax on a tax on a tax.
First they put 10% Import TAX/duty on the price.
Then you pay 10% Goods and Services TAX on the 10% Import TAX.
Then you pay 33% Luxury Car TAX on the 10% GST and 10% Import TAX.
Then you pay average 4% Stamp Duty on the GST/LCT/Import TAX.
I can cop the fact our politicians sold off any money making asset we as a country have in favour of looking better in the short term, but paying Taxes on Taxes in criminal. GST was supposed to simply our tax system. I don’t want to get into a political rant but the bottom line is we’re paying Taxes on Taxes multiple times.
Boo-hoo. You could always work a bit harder instead of posting inane drivel on car websites.
I might of been drivelling a little, but certainly not an inane statement. Please feel free to keep moving on with the rest of your busy day next time. Hypocrisy is strong with this one.
CarAdvice should lead a petition for this labour government to consider reducing LCT.
A valid point was raised in the C200/C250 article; “No other
so-called luxury purchase is subject to such a regressive, discriminatory and
If your have TPI pension then this car would be a bargin.
Sigh, The tax issue is rubbish, GST should be 20% and that be the end of it.