Is the purchase tax halved for 1.4T displacement cars?
3 Answers
1.4T displacement cars enjoy a 25% reduction in purchase tax. According to the latest policy, the vehicle purchase tax for cars below 1.6T is calculated at 7.5%. From October 1, 2015, to December 31, 2016, there was a preferential policy of halving the vehicle purchase tax for passenger cars with a displacement of 1.6 liters or below. Below is a related introduction to the purchase tax: 1. Concept: The purchase tax is a tax levied by tax authorities on the acquisition of specified properties and assets within the scope of the purchase tax system, such as the vehicle purchase tax. The vehicle purchase tax is a tax levied on units and individuals purchasing specified vehicles within China, evolving from the vehicle purchase surcharge. 2. Calculation method: The calculation method for the purchase tax is: Vehicle purchase tax payable = taxable price * 10% (7.5% for passenger cars with a displacement of 1.6 liters or below).
I previously researched China's vehicle purchase tax policies and remember there was a preferential period for small-displacement cars. For 1.4T models, they basically no longer enjoy the 50% purchase tax reduction now, as national policies are frequently adjusted. For example, a few years ago, vehicles below 1.6 liters might have qualified for the half-tax benefit, but now the policy encourages new energy vehicles more. If you're buying a car, I suggest checking the latest government announcements instead of relying solely on historical experience. When I bought my car, I paid attention to the engine displacement and price ceiling. Many 1.4T cars are fuel-efficient, but the purchase tax is calculated at 10% of the invoice price, with no discount unless the preferential policy is reinstated. Additionally, considering hybrid or pure electric vehicles comes with tax exemption benefits, making them more cost-effective. Before purchasing, consult dealers or the traffic management bureau more to avoid pitfalls and save money.
As an ordinary person, I recently helped a friend choose a car and found that the purchase tax for 1.4T displacement vehicles is basically no longer halved. Policies keep changing. Earlier, when there was a 50% tax discount for engines below 1.6 liters, it was quite popular. But now the government has shifted its focus to subsidies for new energy vehicles. If you're buying this type of car, you might have to pay the full tax, which is 10% of the car's price. I think it's better to consider electric vehicles—they're hassle-free and eco-friendly. Remember, policies are dynamic, so check online or ask the salespeople before buying a car; they know the latest updates.
