28.000   OTHER TAXES

The introduction of GST on 1 July 2000 was accompanied by a series of other tax measures. These other taxes included a Wine Equalisation Tax (WET) and a Luxury Car Tax (LCT). In addition to the WET and LCT, a new Fuel Tax Credits (FTC) scheme was introduced to replace the Energy Grant Credits Scheme (EGCS) effective from 1 July 2006.

28.100   Luxury car tax

Since 1 July 2000, an LCT of 25% applied on all taxable supplies and importations of luxury cars. Effective 1 July 2008, the increased LCT rate of 33% applies to certain vehicles over the luxury car tax threshold. This tax is in addition to ...

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