**********************************************************
Pursuant to the Public Revenue Protection (Motor Vehicles First Registration) Order 2011, the following tax rates for motor vehicles took effect from 11am today (February 23) :
Class of Motor Vehicle Rate of Tax
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%
"There will be no change to the tax rates of the other classes of motor vehicles and the application procedures for first registration remain unchanged," a spokesman for the Transport Department (TD) said.
For enquiries, members of the public can call the 1823 Call Centre or TD's Hong Kong Licensing Office at 2804 2637.
Ends/Wednesday, February 23, 2011
Issued at HKT 12:44
NNNN
