Cancellation Date of Vehicle Purchase Tax?

[VanArya]

Vehicle purchase tax will not be cancelled, but there may sometimes be some preferential policies. China's preferential policy on purchase tax for passenger vehicles with a displacement of 1.6 liters or below expired at the end of 2017. Starting from January 1, 2018, the vehicle purchase tax will be restored from the current 7.5% to 10%. The following is the relevant introduction: 1. Purchase tax: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China. It evolved from the vehicle purchase surcharge. 2. Regulations: The scope of vehicle purchase tax includes cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles. The specific scope of taxation shall be implemented in accordance with the "Vehicle Purchase Tax Collection Scope Table" attached to these regulations. The adjustment of the scope of vehicle purchase tax shall be decided and announced by the State Council.