"In order to guide rational consumption, and promote energy-saving emission reductions, the state Council has approved an additional consumption levy on ultra-luxury cars," a statement by the Ministry of Finance said. China is imposing a 10 % tax on luxury cars , such as Ferrari , Bentley and Rolls Royce , as part of its policy on ostentatious spending . The tax only hit those cars that cost over $ 189,000 . China is a crucial market for " super cars " and over recent years car manufacturers have increasingly tailored these vehicles to appeal to the wealthier Chinese clients .
China is imposing a 10 % tax on luxury cars , such as Ferrari , Bentley and Rolls Royce , as part of its policy on ostentatious spending . The tax only hit those cars that cost over $ 189,000 . China is a crucial market for " super cars " and over recent years car manufacturers have increasingly tailored these vehicles to appeal to the wealthier Chinese clients .