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Jan.2024 06

Regarding the purchase tax on fuel vehicles

Introduction
Regarding the purchase tax on fuel vehicles Starting from January 1, 2023, the policy of halving the purchase tax on some fuel vehicles collected in 2022 will no longer be extended.
Details
Regarding the purchase tax on fuel vehicles
Starting from January 1, 2023, the policy of halving the purchase tax on some fuel vehicles collected in 2022 will no longer be extended.

This is a method implemented in accordance with the provisions of the Announcement on Reducing the Purchase Tax on Certain Passenger Vehicles. Previously, vehicle purchase tax was halved for 2.0-liter and below displacement passenger cars purchased between June 1, 2022 and December 31, 2022, with a single vehicle price (excluding value-added tax) not exceeding 300000 yuan.