11.2 New auto-sales tax may cover 1.8-2.0L cars

New auto-sales tax may cover 1.8-2.0L cars

http://autonews.gasgoo.com/auto-news/1012782/New-auto-sales-tax-may-cover-1-
8-2-0L-cars.html

 

Shanghai, November 2 (Gasgoo.com) As the sales tax cuts for smaller cars are
to expire at the end of this year, the new policy of auto sales tax is set
to be published in the coming days, Chinese Business View reported today. 

 

It is said apart from the extension of the current policy that halved
purchase tax on small vehicles with the 1.6L or smaller engine size, autos
with 1.8L to 2.0L engines may also benefit from the forthcoming policy.

 

 

 

Three proposals are possible to come into effect. The first proposal is that
the current stimulus measure of tax cut (to 5%) on small cars with an engine
size of 1.6 liters or less will be relaxed to 2.0 liters. 

 

The second is based on the first proposal but reinforces the stimulus,
canceling sales tax on cars with less than a 1.4L engine. Another proposal
is about extending the current policy on cars with an engine size of 1.6
liters or less only.

 

Although the final decision has not been announced yet, the domestic
prediction all goes positive for Chinese auto market.

 

 

 

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