Is the Purchase Tax for Small-Displacement Vehicles Halved?

[LeKira]

In 2019, the purchase tax for cars will not be halved. Starting from July 1, 2019, the purchase tax rate for cars is 10%, so the concept of a halved purchase tax for cars no longer exists after 2019. More details are as follows: 1. Meaning of Purchase Tax: The purchase tax is a tax that must be paid when buying a new car. Previously, there were preferential purchase tax policies for small-displacement models, which were implemented by the government to encourage consumers to purchase small-displacement vehicles. 2. Development Trend of Small-Displacement Vehicles: With the advancement of technology, large-displacement naturally aspirated cars are rarely seen on the road. Most vehicles in use today are equipped with small-displacement turbocharged four-cylinder engines, and some even use small-displacement turbocharged three-cylinder engines.