What are the conditions for new energy vehicles to be exempt from purchase tax?
2 Answers
New energy vehicles exempt from vehicle purchase tax are managed through the "Catalog of New Energy Vehicle Models Exempt from Vehicle Purchase Tax" (hereinafter referred to as the "Catalog") issued by the Ministry of Industry and Information Technology and the State Taxation Administration. From the date of the Catalog's release, the purchase of new energy vehicles listed in the Catalog is exempt from vehicle purchase tax; the purchase date is the date indicated on the unified sales invoice (or valid certificate) of the motor vehicle. Relevant information about vehicle purchase tax is as follows: 1. Introduction: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within the country, which evolved from the vehicle purchase surcharge. 2. Tax payment location: For purchasing taxable vehicles, tax should be declared and paid to the competent national tax authority in the vehicle registration location; for purchasing taxable vehicles that do not require vehicle registration procedures, tax should be declared and paid to the competent national tax authority in the taxpayer's location.
I recently bought a new energy vehicle and have a clear understanding of the tax exemption conditions. The prerequisite is that the vehicle must be purely electric, plug-in hybrid, or fuel cell type, and it must be listed in the government's "Recommended Models for New Energy Vehicle Promotion and Application Catalog." Before purchasing, I checked the catalog number online to ensure the model matched. The dealer directly waived the 10% purchase tax without any additional application required. The policy is valid until 2027, saving me a significant amount of money. As a reminder, if the vehicle is imported or not included in the latest catalog batch, it might not qualify for the tax exemption. I recommend verifying the model on the Ministry of Industry and Information Technology website before purchasing to avoid mistakes. Additionally, the tax exemption only applies to newly purchased vehicles; there might be risks during second-hand transfers. From my personal experience, this policy genuinely helps reduce the financial burden on buyers, especially in smaller cities where the money saved from tax exemption can be used to install charging facilities. Overall, it's a very cost-effective option and encourages more people to switch to new energy vehicles.
