Exemptionfrompollutiontaxforzero-emissionpassengerandcombinationcars. Foremployees,theprivateuseofazero-emission companycar,andthe electricitytochargeit, areexemptfromtaxationasbenefitinkind. Bonus(untiltheendof 2024)forthepurchase ofnewcars(privateuse)withafullyelectricrangeof≥60kmandgross listpriceof≤€60...
The exemption is China’s latest measure to expand the country’s electric vehicle market, which it identifies as a crucial step towards addressing environmental pollution, energy conservation and industry innovation, a “win-win” situation for industrial development and environmental protection, accordin...
Chinese central and local governments recently announced a series of automotive consumption stimulus packages to boost car demand, including a cut in the vehicle purchase tax to 5 percent from 10 percent, effective from June to December 2022, aiming to keep a key market growing as the broader ec...
Shanghai (Gasgoo)-China will exempt the vehicle purchase tax on new energy vehicles (NEVs) purchased from Jan. 1, 2021 to Dec. 31, 2022 to boost automobile spending, according to an announcement jointly issued by China's Ministry of Finance, State Taxation Administration and Ministry of Indust...
Coming up on today’s program. 重点提要 The State Council considers extending purchase tax exemption for NEVs to boost sales; Top meeting calls for strengthened regulation on online payment businesses. Here’s what you need to know about China in the past 24 hours ...
This paper first examines the impact of a demand-side industry policy related to new energy vehicles on the technological innovation level of supply-side vehicle enterprises. Regarding the new energy vehicle purchase tax exemption policy implemented by the Chinese government in 2014 as a quasi-...
Coming up on today’s program. 重点提要 - China issues measures to expand auto consumption, hints at extension of NEV purchase tax exemption; - Latest Beijing and Xi’an outbreaks are found to be caused by imported Omicron sub-variant BA.5. ...
Coming up on today’s program. 重点提要 The State Council considers extending purchase tax exemption for NEVs to boost sales; Top meeting calls for strengthened regulation on online payment businesses. Here’s what you need to know about China in the past 24 hours ...
The NEVs include pure electric vehicles, plug-in hybrid electric vehicles and fuel-cell vehicles. Before the extension, the current exemption of purchase taxes on NEVs was scheduled to expire by the end of this year. The country first began exempting NEVs from purchase taxes in 2014, and this...
Coming up on today’s program. 重点提要 The State Council considers extending purchase tax exemption for NEVs to boost sales; Top meeting calls for strengthened regulation on online payment businesses. Here’s what you need to know about China in the past 24 hours ...