The Government announced on 24 February 2021 to amend the first registration tax (FRT) concession arrangement for electric vehicles (EV). The latest details of the concession arrangement are as follows – | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | For electric private cars (e-PCs): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
i. | except for eligible private car (PC) owners (see (a)(ii) below), FRT for e-PCs will be waived up to $97,500 from 1 April 2018 to 31 March 2024 (remains the same). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ii. | the "One-for-One Replacement" Scheme is effective from 28 February 2018 to 31 March 2024, allowing PC owners who arrange to scrap and de-register their own eligible old PC1 ("Old PC") (PC with an internal combustion engine or e-PC) and then first register a new e-PC ("Replacement e-PC") to enjoy a higher FRT concession. The latest concession cap is $287,500, which is applicable only to "One-for-One Replacement" Scheme applications in which the "Replacement e-PC" is subject to payment of FRT according to the new tax rates proposed in the 2021-22 Budget2 . Otherwise, the maximum concession granted under the "One-for-One Replacement" Scheme would be the previous amount, i.e. $250,000. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) | For other types of EVs (i.e. electric commercial vehicles, electric motor cycles and electric motor tricycles): their FRT is waived in full from 1 April 2018 to 31 March 2024 (remains the same). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
You may visit the following website of the Environmental Protection Department for more details on promoting the use of EVs – | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
http://www.epd.gov.hk/epd/english/environmentinhk/air/prob_solutions/promotion_ev.html | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1Eligibility criteria include – (i) the "Old PC" must have been first registered in Hong Kong for at least 6 years when its registration is cancelled owing to scrapping; (ii) the vehicle owner participating in the "One-for-One Replacement" Scheme must have been the registered owner of the "Old PC" for 18 months or more, without interruption; (iii) the "Old PC", with or without interruption, must have been licensed for at least 10 months (i.e. 304 days or more), within the 12 months immediately before its de-registration. [Items (ii) and (iii) are the eligibility criteria revised on 28 January 2019; if the "Old PC" fulfills the eligibility criteria before or after the revision, and the other remaining eligibility criteria under the Scheme, it is eligible to participate in the Scheme.] 2In the 2021-22 Budget, it was proposed to amend the Motor Vehicles (First Registration Tax) Ordinance to increase the FRT for PCs by 15%. In accordance with the Public Revenue Protection (Revenue) Order 2021, all PCs that are on order from the registered distributors / registered importers or 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 subject to FRT at the new rates, if these are intended for submission for application for first registration. For details of the tax rates for calculation of FRT, please visit this page . |
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"One-for-One Replacement" Scheme (Eligibility criteria revised with effect from 28 January 2019) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Registered owner of PCs may consider joining the "One-for-One Replacement" Scheme by arranging to scrap and de-register his/her "Old PC" and then first registering a "Replacement e-PC" under his/her own name within the effective period of the Scheme (i.e. 28 February 2018 to 31 March 2024, both dates inclusive), if the eligibility criteria for the Scheme are fully met. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[Please note that the revised eligibility criteria are only applicable to "One-for-One Replacement" Scheme applications and first registration applications of corresponding "Replacement e-PCs" submitted from 28 January 2019 to 31 March 2024 (both dates inclusive) ] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Procedures for participating in the "One-for-One Replacement" Scheme | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Key steps consist of the following - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(i) | Checking eligibility of the "Old PC" concerned for the Scheme; | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(ii) | Arranging to scrap the "Old PC" concerned; | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(iii) | Completing de-registration of the "Old PC" concerned; and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(iv) | Submitting first registration application for the "Replacement e-PC" and application for higher FRT concession for the "Replacement e-PC" under the Scheme. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For step (iv), according to the Motor Vehicles (First Registration Tax) Ordinance (Cap 330), before a motor vehicle is first registered, the registered distributor / registered importer who is selling the vehicle, or the person who is applying for vehicle first registration (where the motor vehicle is imported other than a registered importer) is liable to pay the FRT. Therefore, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The eligibility criteria and application procedures for the "One-for-One Replacement" Scheme are detailed in the information note "How to Participate in the "One-for-One Replacement" Scheme for Higher First Registration Tax Concession for Electric Private Cars", which can be downloaded here. We urge PC owners who intend to participate in the "One-for-One Replacement" Scheme to read the abovementioned document carefully to comprehend the eligibility criteria and application procedures of the Scheme before arranging to scrap their existing PCs. If a PC owner is not certain whether his / her PC fulfill the eligibility criteria of the Scheme, he / she shall make an enquiry to us. The enquiry channels are detailed in Frequently Asked Question No. 1 below. |
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Application form for the "One-for-One Replacement" Scheme |
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The application form for the "One-for-One Replacement" Scheme can be downloaded here. For enquiries, please call Hong Kong Licensing Office of the Transport Department at 2804 2270 or the 1823 Call Centre. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Frequently asked questions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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