Is the Vehicle Purchase Tax Halved in 2019?
1 Answers
2019 vehicle purchase tax is not halved. Here are the relevant details: 1. Vehicle purchase tax rate: As of 2019, China has not introduced a policy to halve the vehicle purchase tax. The vehicle purchase tax rate remains at 10%. 2. Regulations: Article 1 of the 'Vehicle Purchase Tax Law of the People's Republic of China' stipulates: Units and individuals who purchase cars, trams, car trailers, and motorcycles with a displacement exceeding 150 milliliters (hereinafter collectively referred to as taxable vehicles) within the territory of the People's Republic of China are taxpayers of the vehicle purchase tax and shall pay the vehicle purchase tax in accordance with the provisions of this law.