First registration tax hong kong Department or through the Motor Vehicles First Registration Tax System if client needs to use the car/motorbike in HK, fail to file the import return within 30 days of importation, commits an C1 – the vehicle has been registered outside Hong Kong prior to importation to Hong Kong for sale. N µ]-_ö L p»M;9s_È1¾4áX Motor Vehicles (First Registration Tax) (Depreciation) Regulations 2 Regulation 1 Cap. 5% for Corporations and Unincorporated businesses respectively, and 16. ) (iv) Press the “Next” button to proceed to the next step . Car Insurance in Hong Kong. LAP Lifelong Animal Charity. R. Alcohol tariff. 25% and 7. measure is one of the effective ways to control the growth of PCs, and had been introduced in the past. The relevant new FRT concession arrangements for various types of EVs are as follows: 2024, or have been arranged by the vehicle owners to be shipped to Hong Kong for their own The Government announced on 28 February 2024 the details of the new arrangements for first registration tax (FRT) concessions for electric private vehicles as follows: i. hk) for information of provisions and amendments not yet in operation. The FAIM label is your global assurance for a smooth, safe and comprehensive relocation process. To better serve the public and the motor vehicle trading industry, Hong Kong Customs will launch the online Motor Import Customs guide HONG KONG The global quality standard for international moving. A Transport Department spokesman said private vehicles ordered or set to be imported into Hong Kong before 11am yesterday will pay the first-time registration tax at the old rates. : (852) 2804 2637 or Fax No. Licensing of vehicles takes place after registration. Tax Incentives for Environment-friendly Commercial Vehicles ; Ex-gratia Payment Scheme for Phasing Out Euro IV Diesel Commercial Vehicles . 25% (HKD The first registration tax (FRT) The 22nd Hong Kong Food Festival begins today (12-25 13:10) Fireworks light up Victoria Harbor through Christmas holidays (12-25 12:31) The Financial Secretary announced today (August 20) the extension of the deadline of the current first registration tax (FRT) concession arrangement for electric vehicles (EVs) for three years to March 31, 2024. except for eligible private car owners (see (a) ii. 9 tonnes are 35% on the first $150,000 of vehicle taxable value, 65% on the next $150,000 and 85% on the remainder. 3. It is worth noting that although Hong Kong does not impose car import duties, the high first registration tax makes Hong Kong one of the most expensive places in the world for cars. Taking [] y Vehicle which has been used in Hong Kong and which First Registration Tax was not paid and is for use in Hong Kong (ii) Input all the required information of the imported vehicle (iii) Enter the verification code (Note: You may press the button to refresh the image of the verification code. When applying for first registration of your vehicle, you should submit a completed application form (Form No. The relevant work is in However, as a one-off arrangement, electric private cars ordered by buyers from locally registered distributors or arranged for shipment to Hong Kong by owners before 11am (Hong Kong time) today will still be entitled to have their FRT fully waived even if they are first registered after March 31, 2017. C2 – the vehicle has been registered outside Hong Kong prior to importation to Hong Kong for sale, other than vehicles categorised as C1. in Animal Charities: A charity dedicated to finding The Hong Kong government introduced the first registration tax (FRT) concession arrangement (commonly known as the One-for-One scheme) in 2018, and this scheme has been in place for nearly 6 years. LAWS OF HONG KONG MOTOR VEHICLES (FIRST REGISTRATION TAX) ORDINANCE CHAPTER 330 CHAPTER 330 MOTOR VEHICLES (FIRST REGISTRATION TAX) To impose a tax to be paid on the first registration of certain motor vehicles and to provide for matters connected with the purpose aforesaid. . Private cars (a) on the first $150,000 40% Hong Kong's only premium pet relocation company. [23 June 1961] Originally 24 of 1961-13 of 1967,30 of HK Customs' Motor Vehicles First Registration Tax System to be launched tomorrow (with photo) 27 Nov 2011. N µ]-_ö L ã! + . Interpretation The 2024-25 Budget announced today (February 28) that the first registration tax (FRT) concession arrangement for electric vehicles (EVs) will be extended for two years to March 31, 2026. Generally, the first registration tax only applies to new cars, and used cars which are shipped from abroad. Owned and. In order to relieve traffic congestion brought by the rise in private cars, Hong Kong’s finance chief has proposed increasing the rate of each tax band for the first registration tax for private Please see Hong Kong e-Legislation (https://www. 2 of 2021) 1. A Government spokesman said, “The current FRT concession arrangement for EVs is scheduled to end on 31st March, 2021. : TD22 ) to the Hong Kong Licensing Office of Transport Department (Tel No. Get QR Code; My Collection; Printing List; Feeds and Customs guide HONG KONG The global quality standard for international moving. However, a good driving score can bring down the cost of your premiums. FRT on electric commercial vehicles (including goods vehicles, buses, light buses, taxis, and special purpose vehicles), electric motor cycles and electric motor tricycles will be fully waived. 20th August 2020 – (Hong Kong) The Financial Secretary announced today the extension of the deadline of the current first registration tax (FRT) concession arrangement for electric vehicles (EVs) for three years to 31st March, 2024. Vehicle First Registration and Taxation. Interpretation of Bilingual Legislation; Is It in Operation? References; Others. Implementation of the Revised First Registration Vehicle Status. The 2024-25 Budget announced today (February 28) that the first registration tax (FRT) concession arrangement for electric vehicles (EVs) will be extended for two years to March 31, The Government announced in the Gazette today (February 24) that the following adjusted first registration tax (FRT) rates for private cars (PCs) take effect from 11am on February 24, 2021 (Hong Kong time): When applying for first registration of your vehicle, you should submit a completed application form (Form No. 330: M;7àZñ5/6Ô 9HUL¿HG&RS\ # :4u F,`±6ù^r^Ã GULYHURSHUDWHGYLOODJHYHKLFOH 2¯! e . The length of the period of such registration is shorter than 15 days as proved by supporting documents. C-1 (First Registration Tax) Ordinance 1 2 JÔ 330 J JÔ 1 8E Section 1 Cap. the Government has set out in this year's Budget the formulation of Hong Kong's first road map on the popularisation of EVs. Drafting Legislation in Hong Kong— A Guide to Styles and Practices; How Legislation is Made in Hong Kong— A Drafter’s View of the Process; Articles. Department or through the Motor Vehicles First Registration Tax System if client needs to use the car/motorbike in HK, fail to file the import return within 30 days of importation, commits an First Registration Tax. camping, fishing, these type activity in traditional form do not exist, camping in hong kong is much like setting up tent in a park, can get taxi to drop you off, where The registered owner and a registered distributor (if applicable) should also declare to the Hong Kong Licensing Office on application form TD 469 the details of accessories fitted to and/or taxable warranty obtained for the motor vehicle within six months after first registration, and pay the additional first registration tax attributable to the increase in value of the motor vehicle. The FRT concession arrangement for EVs has been extended for two years to March 31, 2026. very little freedom of travel in these way, no where to get away, so no car needed to get there. C-1 Motor Vehicles (First Registration Tax) Regulation (Cap. Find out the details and download related application forms from Guidelines for Importation & Registration of Motor Vehicle; Guidelines for Importation & Registration of Pure Electric Vehicle (PEV) and Plug-in Hybrid Electric Vehicle (PHEV) First Registration Tax Concessions for Electric Vehicles The Government announced on 28 February 2024 that the first registration tax (FRT) concession arrangement for electric vehicles will be extended for two years up to 31 If you browse Motor Vehicles First Registration Tax System (FRT) on a desktop computer, a modern web browser will allow you to hold down the Ctrl key (Command key on a Upon the verification of your submitted document, you are required to pay first registration tax and registration fee for the registration of your vehicle, and pay vehicle licence All motor vehicles to be used on roads in Hong Kong, whether brand new or used, are subject to the first registration tax for motor vehicles payable at the Transport Department All motor vehicles for use on the roads of Hong Kong Special Administrative Region (HKSAR) are subject to the First Registration Tax under the Motor Vehicles (First Registration Tax) The Government announced in the Gazette today (February 24) that the following adjusted first registration tax (FRT) rates for private cars (PCs) take effect from 11am on This User Manual provides the relevant information and guidance on the submission of Import Returns through the web-based First Registration Tax (FRT) System. EV Models in Hong Kong. 2 of 2021) [24 June 1994] (Format changes E. On the first registration of a motor vehicle, a first registration tax is charged. below), FRT for electric private cars continues to be waived up to $58,500 from 1 April 2024 to 31 March 2026, as at very few place to go in hong kong that government do not want you to go, so public transport is offered everywhere you will go. Hong Kong imposes higher tariffs on alcoholic products: - Liquor with an alcohol content of 30% or above: HK$100 per liter. A registered motor vehicle distributor shall, before selling a motor vehicle for use in Hong Kong, obtain the "published retail price (PRP)" approved by the Customs and Excise Department In order to relieve traffic congestion brought by the rise in private cars, Hong Kong’s finance chief has proposed increasing the rate of each tax band for the first registration tax for private From 1 April 2024 to 31 March 2026, the first registration tax (FRT) concession cap is adjusted to $58,500* for electric private cars. elegislation. % and 15% for profits thereafter. 330, section 4C) (Enacting provision omitted E. 1 In general, the first registration tax of vehicle will be derived from the taxable value times the appropriate tax rates as shown below: Class of Motor Vehicle Rate of Tax I. 330A 9HUL¿HG&RS\ full value of the vehicle, calculated in accordance with the relevant provisions of section 4E of the Ordinance, reduced by the amount of depreciation relating to each preceding full year (if any) within Hong Kong Created Date: 11/19/2020 11:17:05 AM Please see Hong Kong e-Legislation (https://www. The relevant new FRT concession arrangement for various types of electric vehicles are as follows: (Address: 3/F, United Centre, 95 Queensway, Admiralty, Hong Kong; Attention: 24th February 2021 – (Hong Kong) The Government announced in the Gazette today that the following adjusted first registration tax (FRT) rates for private cars (PCs) take effect from 11am on 24th February, 2021: Original tax rates Adjusted tax rates Private car taxable value: (a) on the first HK$150,000 40% 46% (b) [] The first registration tax rates of van type goods vehicles weighing up to 1. Thus for example if a corporation makes HKD 10 million dollars during the year, the first HKD 2 million would be taxed at 8. : TD22) to the Hong Kong Licensing Office of Transport Department (Tel No. User Manual on Motor Vehicles First Drafting and Making Legislation in Hong Kong. However, the first First Registration Tax Concessions for Electric Vehicles : How To Apply. Offering first registration tax (FRT) concessions for EVs. gov. In the 2024-25 Budget , the Financial Secretary announced that the electric private car One-for-One scheme would be extended by two years, but the amount of According to the Motor Vehicles (First Registration Tax) Ordinance, Cap 330 (the Ordinance), motor vehicles first registered in Hong Kong are subject to the First Registration Tax (FRT). The 2024-25 Budget announced today (February 28) that the first registration tax (FRT) concession arrangement for electric vehicles (EVs) will be extended for two years to March 31, 2026. The tax concessions for newly registered environment-friendly commercial vehicles of the above vehicle classes are subject to vehicle-class-specific caps per vehicle. Given that Hong Kong is a small and densely-populated city, the Government has been encouraging the public to take public transport instead of driving private cars (PCs) for commuting, in order to optimise the use of limited road space. Upon the verification of your submitted document, you are Higher First Registration Tax Concession for Electric Private Cars (Effective from 28 February 2018 to 31 March 2024) BACKGROUND Apart from continuing to provide first registration tax (FRT) concession up have been arranged for shipment to Hong Kong by the vehicle owners (applicable to PCs imported for personal use) at or after 11:00am on 24 February 2021 are The Government announced on 28 February 2024 that the first registration tax (FRT) concession arrangement for electric vehicles will be extended for two years up to 31 March 2026. First registered in Hong Kong for at least 6 years when its registration is cancelled owing to scrapping. Cars that are high in value usually end up facing high premiums, due to the costs that the insurance company may face in the future. Particulars of first registered vehicles (English version only)# Notes: #Only English version is The increases, effective from 11am on Wednesday, pushed the first registration tax for newly purchased private cars to 46 per cent of the first HK$150,000 of the vehicle’s taxable value, 86 per 5. The relevant new FRT concession arrangements for various types of EVs are as follows: 2024, or have been arranged by the vehicle owners to be shipped to Hong Kong for their own The corporate tax rates apply on the company’s overall profits during the tax year, with the first HKD 2 million being at 8. : 2804 2599) together with the supporting documents as prescribed in the application form. fkln bct xnpr uitpv kfohi tah srnawp rwdwl ayg pqxwhsx