Is There a Purchase Tax on New Energy Vehicles?

[MacTyler]

New energy vehicles, including purely electric and plug-in hybrid models, are exempt from purchase tax due to special preferential policies implemented by the government. Definition of Vehicle Purchase Tax: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China. The taxpayers of this tax are the units and individuals purchasing taxable vehicles, and the scope of taxation includes cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles. Purchase Tax Payment Process: The car buyer needs to bring the required documents to the vehicle purchase tax office to pay the tax, purchase compulsory traffic insurance and vehicle and vessel tax from an insurance company, go to the vehicle management office to get a number and wait in line for service processing, have the vehicle inspected, select a license plate number, pay the fees, and receive the license plate.