Is There a Purchase Tax for Hybrid Vehicles?
2 Answers
Hybrid vehicles are subject to purchase tax. Below are the specific details regarding the payment of vehicle purchase tax: 1. Regulations: According to Article 13 of the 'Purchase Tax Law' implemented on July 1, 2019, taxpayers must pay the vehicle purchase tax before registering the vehicle with the traffic management department of the public security authority. The traffic management department of the public security authority, when processing vehicle registration, shall verify the vehicle information submitted by the taxpayer against the tax-paid or tax-exempt electronic information provided by the tax authority. Upon successful verification, the vehicle registration will be processed in accordance with the law. 2. Deadline: According to Article 12 of the 'Purchase Tax Law', the tax liability for vehicle purchase tax arises on the day the taxpayer purchases the taxable vehicle. The taxpayer must declare and pay the vehicle purchase tax within sixty days from the date the tax liability arises.
Last year I bought a Toyota hybrid vehicle, thinking I could save on purchase tax, but the salesperson said non-plug-in hybrids don't qualify as new energy vehicles, so I had to pay the full 10% tax. This really surprised me - turns out the purchase tax incentives only apply to pure electric or plug-in hybrid vehicles. Before buying a car, it's best to check the government's current standards, like verifying whether the model is on the tax-exempt list through official websites or major platforms like Autohome. If you're considering such vehicles, plug-in models like BYD's offerings might be more cost-effective, with full tax exemption plus fuel savings. From my personal experience, policies change every year - this lesson taught me the importance of doing homework in advance, as I ended up spending over 10,000 yuan more unnecessarily.
