China has a luxury tax on top of all other taxes, incl. the VAT. That was one of the reasons why supercars were bought in Hong Kong rather than mainland China.

China has a luxury tax on top of all other taxes, incl. the VAT. That was one of the reasons why supercars were bought in Hong Kong rather than mainland China. And I am not speaking about the plebs Lamborghinis or Ferraris. Worked in the luxury car industry over there for a few years. Trust me, the rich have their ways.