Exemption from purchase tax by inclusion in the catalogue of duty-free vehicles

Absrtact: Three ministries, such as the Ministry of Finance, announced August 6, from September 1, 2014 to December 31, 2017, the purchase of new energy vehicles are exempt from vehicle purchase tax. The first batch of new energy vehicles exempted from the purchase tax will be released at the end of the month. List of duty-free vehicles can be exempted from purchase

Three departments such as the Ministry of Finance issued a notice August 6, from September 1, 2014 to December 31, 2017, the purchase of new energy vehicles are exempt from vehicle purchase tax. The first batch of new energy vehicles exempted from the purchase tax will be released at the end of the month.

Exemption from purchase tax by inclusion in the catalogue of duty-free vehicles

The new energy vehicle, which is exempt from vehicle purchase tax, is for all-electric cars, plug-in (including plug-in) hybrids and fuel cell vehicles sold in China, including some imported vehicles.

New energy vehicles that are exempt from vehicle purchase tax will be managed by the Ministry of Industry and Taxation by issuing a catalogue of new energy vehicles that are exempt from vehicle purchase tax. Simply put, only new energy vehicles listed in the catalogue will be exempted from the purchase tax concession. The purchase time of vehicles shall be based on the date stated above in the uniform invoice or valid voucher for motor vehicle sales.

The reporter learned from the China Automobile Industry Association, the ministry said yesterday that the first batch of duty-free vehicle catalogue will be officially released at the end of August to ensure the implementation of September 1. Before this, the enterprise must complete the declaration work to the Ministry of Industry.

The vehicle purchase tax is a tax levied on the purchase of units and individuals within the territory of a specified vehicle, and the calculation of the taxable amount by the method of the price-fixing rate is as follows: Taxable amount = Tax Price x tax rate, and the tax rate is 10%.

The three sectors provided for the listing of new energy vehicles and the conditions of the applications, including: the integrated fuel consumption of plug-in hybrids should conform to the standard; New energy vehicles should be tested to meet the requirements of new energy vehicles, power batteries, motors, Electronic control and other key components to provide no less than 5 years or 100,000 kilometers of quality assurance.

The Ministry of Industry believes that most of the existing new energy vehicles can meet the requirements of the catalogue.

New Energy vehicle support policy frequency

At present, new energy vehicles in China to enjoy the support policies include national and local financial subsidies; Beijing new energy vehicles, a separate wave number, Shanghai to provide new energy vehicles free license. There are many different support policies for new energy vehicles.

In July this year, "government agencies and public institutions to buy new energy vehicles Implementation Plan" issued, the request from 2014 to 2016, the new energy vehicles to promote the promotion of urban government agencies and public institutions to buy new energy vehicles accounted for the total number of updates to be updated in the proportion of 30%, after the year.

China Auto Industry Association released data shows that in the first half of 2014, domestic new energy vehicles produced 20,692 vehicles, sales of 20,477 vehicles, year-on-year growth of 2.3 times times and 2.2 times times, production and sales have exceeded the whole year.

For the growing new energy vehicles to promote the policy, the agencies have expressed bullish on the new energy vehicle plate. Haitong Securities said that the new energy vehicle market-oriented wave has come, China's new energy vehicles market, will enter the "high Handsome rich", "cock silk" and government procurement, three arrows Qi hair. The 2014 New Energy vehicle plate is still the strongest fundamental growth plate.

Changjiang Securities says it is firmly bullish on new energy vehicles. Zhejiang merchants futures remained cautious, saying that the support policy for new energy vehicles is still plagued by inadequate charging facilities and the high price of new car sales, the car sales are more limited.