Are there any discounts on vehicle purchase tax in 2021?
2 Answers
2021 vehicle purchase tax discounts were available until June 30. Users who purchased eligible trailers before June 30, 2021 could still enjoy a 50% reduction in purchase tax. The tax rate for fuel vehicle purchase tax is 10%: According to China's latest regulations on vehicle purchase tax, the tax rate is 10%. There was indeed a period when the purchase tax for private vehicles was halved, but since January 1, 2018, the purchase tax rate for passenger vehicles with 1.6L or smaller displacement has been restored to 10%. This means the preferential policy for fuel vehicle purchase tax no longer applies after June 30, 2021.
I remember there was indeed a purchase tax incentive for buying cars in 2021, but it was specifically a green light for new energy vehicles. The policy was effective from the beginning of 2021 to the end of 2022, offering a direct 10% purchase tax exemption for pure electric, plug-in hybrid, or fuel cell vehicles. My friend bought a BYD Han at that time, which cost over 200,000 yuan, and he saved more than 20,000 yuan directly. Fuel-powered vehicles, on the other hand, were at a disadvantage, as they didn't qualify for this benefit at all. To enjoy the discount, there were two points to note: the vehicle had to be a domestically produced new energy vehicle, and the purchase invoice had to be within the policy period. Now in 2023, this policy has been extended until the end of the year, so those looking to save money should act quickly.
