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 ...