Is the Wildlander Hybrid Exempt from Purchase Tax?
2 Answers
Wildlander Hybrid is exempt from purchase tax. Here is the relevant information: 1. Definition of purchase tax: Vehicle purchase tax is a tax levied by tax authorities on finances and properties within the relevant scope, which must be paid by both individuals and units. 2. Purchase tax rate: The purchase tax for motor vehicles is levied by tax authorities. The scope of purchase tax includes vehicles that are officially registered with motor vehicle license plates in China. Starting from January 1, 2018, the purchase tax rate for consumers buying passenger vehicles with a displacement of 1.6 liters or below has been restored to 10%. Before this date, the purchase tax rate was 7.5%.
When it comes to the purchase tax for the Wildlander Hybrid, let me share some professional insights. Currently, China's vehicle purchase tax exemption policy mainly targets new energy vehicles such as pure electric vehicles and plug-in hybrid vehicles, as they can be charged and are more environmentally friendly. The Wildlander Hybrid is a conventional hybrid without plug-in functionality, so it's not on the tax-exempt list. Policy-wise, its purchase tax must still be paid as usual, calculated as a percentage of the purchase price, similar to fuel-powered vehicles. For those looking to save on this expense, I recommend considering plug-in hybrid or pure electric models, such as new energy vehicles in the same class. Additionally, remember to check the exemption list on the official website of the State Taxation Administration before purchasing to avoid unnecessary expenses. In summary, while the Hybrid is fuel-efficient, the tax can't be avoided, so everyone should plan ahead.
