A New Tax System (Luxury Car Tax) Act 1999
Luxury car tax on supplies of luxury cars is added to net amounts under Division 17 of the GST Act. Adjustments in relation to supplies or importations can be made to net amounts. They may increase or decrease net amounts.
Luxury car tax on importations of luxury cars is not incorporated into net amounts but is generally paid with customs duty.
Note:
Division 165 (Anti-avoidance) of the GST Act will cover avoidance schemes relating to luxury car tax so far as they affect net amounts, because such schemes affect amounts payable under the GST Act.
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