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TRANSPORT & LOGISTICS | Staff Reporter, Hong Kong
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New car tax rates approved

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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