Is the Porsche Cayenne Hybrid Exempt from Purchase Tax?

[McCatherine]

Cayenne hybrid vehicles are exempt from purchase tax. New energy vehicles that meet the regulations enjoy the policy of exemption from vehicle purchase tax. Introduction to Purchase Tax: Purchase tax is a tax levied by tax authorities on the acquisition of relevant properties and assets within the scope of the purchase tax system, such as vehicle purchase tax. Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China, evolved from the vehicle purchase surcharge. Calculation formula for taxable amount: The taxpayer for vehicle purchase tax is the unit or individual who acquires (including purchase, import, self-production, gift, award, or other means of acquisition for personal use) taxable vehicles. The scope of taxation includes cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles, with a tax rate of 10%. The calculation formula for the taxable amount is: Taxable Amount = Taxable Price × Tax Rate.