Does the BYD Qin Need to Pay Purchase Tax?

[HaileyMarie]

BYD Qin does not need to pay purchase tax and is exempt from purchase tax and vehicle and vessel tax. Introduction to Purchase Tax: Purchase tax is a tax levied by tax authorities on the acquisition of specified goods and properties within the scope of the purchase tax system. For example, vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China. It evolved from the vehicle purchase surcharge. New Energy Vehicles Exempt from Vehicle Purchase Tax: New energy vehicles exempt from vehicle purchase tax include pure electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles. The BYD Qin falls under the category of new energy vehicles and can benefit from policy subsidies and full exemption from purchase tax.

[IsabelleFitz]

Whether purchasing a BYD Qin requires paying purchase tax mainly depends on the model and policy details. The BYD Qin comes in pure electric and plug-in hybrid versions. For example, the DM-i plug-in hybrid qualifies as a new energy vehicle under China's 2024 policies, enjoying purchase tax exemption. Normally, the purchase tax is 10% of the vehicle price, but new energy vehicles can save a significant amount with the exemption—for instance, a 150,000 RMB car would save 15,000 RMB in taxes. Dealers can confirm specific exemptions when purchasing. I checked the official website, and the Qin DM-i is definitely on the exemption list. It's advisable to verify the latest policies at a 4S store or the official website before buying to avoid unnecessary expenses. Also, don’t overlook other costs like insurance and registration—handling them early can help avoid long queues.

[JulietAnn]

I just bought a BYD Qin DM-i and didn't pay a penny in purchase tax, which makes me really happy. As an ordinary car owner, I specifically checked the new energy policies online before buying. Plug-in hybrids are basically tax-exempt, and this remains true in 2024. My friend who bought a pure gasoline car had to pay 10% tax, saving me over 10,000 yuan in comparison. The salesperson handled everything during the purchase—just had to fill out an application form. If you're also considering the Qin, I recommend keeping an eye on the government's updated catalog to avoid older models with unstable policies. If you're on a tight budget, the tax exemption leaves more room to upgrade the interior, which is quite cost-effective. In short, the Qin, as a new energy vehicle, offers significant tax advantages—better act fast.

[LaBeckett]

The purchase tax for BYD Qin depends on the model. For plug-in hybrid or pure electric versions like the Qin PLUS DM-i, current policies exempt them from the tax, saving you 10% of the vehicle price. However, the pure gasoline version requires full payment. Before purchasing, consult the dealer or check the latest list on the MIIT website to avoid buying the wrong model. The exemption process is straightforward—just submit the required documents without hassle.