Is the Lynk & Co 09 PHEV exempt from purchase tax?
1 Answers
Lynk & Co 09 PHEV is exempt from purchase tax. Introduction to Lynk & Co: It is a new era premium brand jointly established by Geely Holding Group, Geely Auto Group, and Volvo Car Group. It integrates European technology, European design, global manufacturing, and global sales, based on the CMA (Compact Modular Architecture) jointly developed by Volvo Cars and Geely Auto, with Volvo Cars taking the lead. Automobile Purchase Tax: Automobile purchase tax is levied on individuals and units purchasing specified vehicles within China. It evolved from the vehicle purchase surcharge. The current basic regulations of automobile purchase tax law are implemented from January 1, 2001, under the "Provisional Regulations of the People's Republic of China on Vehicle Purchase Tax."