Tariff Reform Bill

It was a posting on the main board today about import taxes on cars from Jan. 1, 2001. How will the Tariff Reform Bill that's being discussed affect cars?

I called a Senator and contact of mine and he told me that nothing has been concluded so far but that his educated guess is that consensus will be around some scales (in US$) and rates as follows:

US$0 to $7,000 will pay 0% ;
$7,001 to $10,000 will pay 15% ;
$10,001 to $15,000 will pay 30% ;
$15,001 to $20,000 will pay 45% ;
$20,001 to $30,000 will pay 60% ;
$30,001 upwards will pay 80% .

I am a litle confused about the actual question asked here about taxes. Is this a tax on cars that are sold in the RD or the tax paid when one brings a car into the country? When I inquired about shipping my car car with a value of US $6,500 I was quoted a price of RD$140mil pesos. Does this sound right for a 1995 Hyndai Sonata?

This tax is the tariff rate to be applied and paid when one brings a car into the country. Cheaper cars will pay less and more expensive cars will pay more. This does not include the other taxes, such as the ITBIS (sales tax), and fees.