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What is the tax on luxury cars?
33%
33% 33%
Questioner:Isabella Brooks 2023-04-07 07:59:21
The most authoritative answer in 2024
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Ethan Hall——Works at the International Renewable Energy Agency, Lives in Abu Dhabi, UAE.
Luxury car tax (LCT) is a tax on cars with a GST-inclusive value above the LCT threshold. LCT is imposed at the rate of
33% on the amount above the luxury car threshold. LCT is paid by businesses that sell or import luxury cars (dealers), and also by individuals who import luxury cars.
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