Is the purchase tax halved for a 1.4T displacement?
2 Answers
Starting from July 1, 2019, the purchase tax rate for cars is 10%, so the concept of a halved purchase tax for car purchases no longer exists after 2019. More details are as follows: 1. 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 state to encourage consumers to purchase small-displacement vehicles. 2. With the advancement of technology, large-displacement naturally aspirated cars are now rare on the roads. Most vehicles in use today are equipped with small-displacement turbocharged four-cylinder engines, and some even use small-displacement turbocharged three-cylinder engines.
I've always been paying attention to automotive policies. In China, the halving of purchase tax usually applies to gasoline-powered vehicles with an engine displacement of 1.6 liters or below. You mentioned a 1.4T turbocharged car with exactly 1.4-liter displacement – based on previous policies, it should qualify. A friend of mine bought a new 1.4T car last year and saved over 5,000 yuan in purchase tax. This policy can significantly reduce the financial burden of buying a car. However, you should note that policies change every year. For example, in 2023, some said the benefits were only for new energy vehicles, and conventional fuel cars might not enjoy such substantial savings. So I recommend checking the official website of China's tax bureau or consulting a 4S dealership to confirm with the latest documents. Don’t just rely on others' experiences; verifying it yourself is the safest approach. The money saved could easily cover an upgrade to better tires!
