On August 7, the Ministry of Finance and the State Administration of Taxation issued the "People's Republic of China Vehicle Purchase Tax Law (Draft for Comment)" (referred to as "Draft for Comment"), and publicly solicited opinions from the public.
The "Draft for Comment" stipulates that the vehicle purchase tax rate is 10% and the current regulations are maintained. According to the "Provisional Regulations on Vehicle Purchase Tax of the People's Republic of China" promulgated by the State Council in October 2000, the vehicle purchase tax is levied on five categories: automobiles, motorcycles, trams, trailers and agricultural transport vehicles. The "Draft for Comment" changed the taxation of vehicle purchase tax to four categories: automobiles, motorcycles, trailers and trams. The "Draft for Comment" clarifies the vehicles used by foreign embassies, consulates and international organizations in China and their related personnel who are exempted from tax in accordance with the law, and the military and armed police units are included in the equipment ordering plan. The non-transportation vehicles of the installation, the eligible new energy vehicles, public steam and electric vehicles and other temporary relief vehicles, four tax exemptions.
In addition, the "Draft for Comment" added "the taxpayer will return the vehicle with the vehicle purchase tax back to the vehicle production and sales enterprise, and may apply to the competent tax authority for refund of the paid vehicle purchase tax".
　　
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