They will be implemented when the Motor Vehicles (First Registration Tax) (Amendment) Bill 2011 is gazetted on 17 June 2011.
According to a news.gov.hk report, the tax rates will be:
* 40% of the taxable value of cars for the first $150,000;
* 75% on the next $150,000;
* 100% on the next $200,000; and
* 115% on the remainder.
View the full report here.
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