Today, the Ministry of Finance announced: 1.6 liters and below the displacement of passenger cars at a reduced rate of 7.5% levy vehicle purchase tax. Concerned about the purchase tax policy issue has finally been finalized.
According to the policy, from January 1, 2017 to December 31 only, the purchase of 1.6 liters and below the displacement of passenger cars by 7.5% tax levy vehicle purchase tax. Since January 1, 2018, the resumption of 10% of the statutory tax rate levy vehicle purchase tax.
In order to promote the auto market growth, the Chinese government last year adopted the purchase tax incentives for the market stimulus, since October 31, 2015, the domestic 1.6L and below the displacement model purchase tax by half to 5.0%, the preferential policy deadline for 2016 December 31. The policy makes the auto market sales from the fourth quarter of last year, rapid growth, especially in July this year, the continuous increase of about 20%, is about to complete the 26th consecutive year of continuous improvement. December 12, the China Association of Automobile Manufacturers released November auto sales data show that in November the automobile market and had expected the same, by the car purchase tax relief policy is about to expire, the automobile market "tail" phenomenon, sales year on year and the chain Are more than 10%, November 293.87 million sales results also hit a record high monthly sales of cars.
National Association of Passenger Cars Secretary-General Cui Dongshu said earlier that the purchase tax preferential policies next year, according to the proportion of 7.5%, will meet consumer expectations, both to achieve the minimum tax losses, but also stable next year, car sales Growth.
