On May 31, the Ministry of Finance and the State Administration of Taxation issued the “Announcement on Reducing and Levying the Purchase Tax for Some Passenger Vehicles”. The vehicle purchase tax is halved for passenger cars with a displacement of 2.0 liters and below that do not exceed 300,000 yuan (including value-added tax). According to @CCTV Finance News, the latest data released by the State Administration of Taxation shows that a month after the implementation of the new policy of halving the vehicle purchase tax for some passenger cars, a total of 7.1 billion yuan in vehicle purchase tax was reduced nationwide, and 1.097 million vehicles were reduced. From the perspective of displacement, the tax reduction for passenger cars with a displacement of 1.6 liters and below is 3.4 billion yuan, accounting for about 48%; the tax reduction for passenger cars with a displacement of 1.6 to 2.0 liters is 3.7 billion yuan, accounting for 52%. %. From the perspective of car buyers, if the price of a passenger car excluding VAT is 100,000 yuan, 200,000 yuan, and 300,000 yuan, car buyers can save about 5,000 yuan, 10,000 yuan and 15,000 yuan respectively. . It is understood that the term “passenger cars” as mentioned in the Announcement on Reduction and Collection of Vehicle Purchase Tax for Partial Passenger Vehicles refers to the design, manufacture and technical characteristics that are mainly used to carry passengers and their carry-on luggage and/or temporary items, including driver’s seat.
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