Do You Need to Pay Purchase Tax When Buying a Tesla?
1 Answers
Purchasing a Tesla requires paying purchase tax. Below is relevant information about the purchase tax: Tesla's Purchase Tax: Tesla is different from other domestic new energy vehicles as it falls under the category of parallel-imported cars. Although Tesla announced the establishment of its Gigafactory in Shanghai, only Teslas produced at the Shanghai factory may be eligible for purchase tax reduction, which refers to Tesla's claim that its models will officially be produced domestically starting in 2020. Currently, all Tesla models are subject to a 10% purchase tax. Conditions for Purchase Tax Exemption: Currently, according to the "Announcement on Exempting New Energy Vehicles from Vehicle Purchase Tax" jointly issued by the Ministry of Finance, State Taxation Administration, Ministry of Industry and Information Technology, and Ministry of Science and Technology, from January 1, 2018, to December 31, 2020, consumers purchasing new energy vehicles (including pure electric vehicles, plug-in hybrid vehicles, fuel cell vehicles, etc.) will be exempt from purchase tax, but this only applies to domestically produced vehicles. The vehicles must meet the technical requirements for new energy vehicle products, meaning the range and energy consumption of the new energy vehicles must meet the national standards to qualify for purchase tax exemption.
