helo everyone,

say i am bringing back a Subaru Legacy 2.0 STi, made in 2007, from HKG, bought it for around MYR100k after conversion from the HKD currency, using student AP, and staying in HKG more than 9 months already.

how much should I pay the custom duty, tax etc?

thanks

Dear Mr BeastX,

Say I will bring back a 2004 Subaru Legacy 2.0 GT from Hong Kong in 2011, how much the estimate total tax I need to pay?

I have tried the calculation by myself here,

It was bought for HKD120,000 (MYR52,000),

but I have checked from http://media.paultan.org/pricelist.pdf, the Cost Insurance Freight value (CIF) is MYR87,784 for Subaru Legacy 2.0 GT, so should I follow MYR52,000 or MYR87,784??

Assuming I just follow MYR87,784,

and refer to http://www.floristhut.com/taxkastam3.htm, the depreciation would be 70%.

So the total tax i need to pay is MYR 27,149.87???

Is that right? Please advice. Many thanks.

Regards...

many thanks for the reply Mr BeastX .. by the way, may I know how to calculate "effective tax is at 157.4% of CIF"? and where you get that figure from? thanks again:)