Taxes on Vehicles and Vessels to Implement 87% Passenger Car Taxes Reduction or Change from Next Year

The exemption or halving of the expropriation of new energy vehicles and boats According to the Xinhua News Agency's electricity from January 1, next year, the "People's Republic of China Taxation Law for Vehicles and Vehicles" and the "Regulations for the Implementation of the People's Republic of China Taxation Law for Vehicles and Vehicles" will be implemented soon. In response to the implementation of the problem, the relevant person in charge of the State Administration of Taxation answers.

Taxes are based on engine displacement. "The taxation of passenger and boat regulations stipulates that passenger cars shall be taxed on the basis of the size of the engine exhaust for passenger cars with passengers carrying 9 or less passengers. The previous tax on passenger and boats was The number of passengers is taxable. At the same time, the Taxation of Vehicles and Boats Law provides for the exemption or reduction of the taxes on vehicles and boats that save energy and use new energy," said the person in charge of the State Administration of Taxation.

"Vehicles and ships listed in the "Taxes and Taxes Table of Taxes and Taxes" attached to the Taxation of Vehicles and Vehicles are required to pay vehicle and boat taxes, which include passenger cars, commercial vehicles, trailers, other vehicles, motorcycles and ships." The person in charge said.

In the Taxation Law for Medium-Displacement Vehicles, the tax burden on passenger cars was reduced, and the structural adjustments were made unchanged and improved. For passenger vehicles that account for about 72% of the total vehicle volume, seven gears are divided according to the engine displacement, and the tax rate is set separately for each gear.

“Including passenger vehicles that account for about 87% of the total number of passenger cars in use and those with a displacement of 2.0 liters or less, the tax rate is appropriately reduced or maintained; for existing passenger cars, About 10% of the total volume of passenger vehicles with a displacement of 2.0 to 2.5 liters (including), the tax rate will be appropriately increased; it will account for about 3% of the total existing passenger vehicles and the displacement is 2.5 As for the larger and larger displacement passenger cars that have risen above, the tax amount has been greatly increased,” said the person in charge.

“Taxes are taxed separately in four stages”. The original tax rate remains unchanged for trucks, motorcycles, and ships (excluding yachts) that account for about 28% of the total number of cars; for passenger cars with more than 9 passengers, the tax amount is slightly increased; trailers Instead, it will be reduced by 50% of the tax paid for goods vehicles. The list of yachts listed in the vessel will be divided into four grades according to the length of the hull, and the tax will be from 600 to 2,000 yuan per meter,” the official said.

“The specific applicable tax for vehicles is determined by the governments of various provinces, autonomous regions, and municipalities directly under the jurisdiction of the government in accordance with the stipulated amount of taxation. Taxpayers should pay attention to the specific amount of applicable taxes stipulated by the provincial government of the place of registration of their vehicles or the purchase of motor vehicle accident liability insurance. The applicable tax for ships is clearly stipulated by the Regulations for the Implementation of the Taxes for Vehicles and Boats promulgated by the State Council. The amount of tax is uniform across the country."

Taxation Tips The three tax incentives shall be exempted from or reduced by half the tax for vehicles that use energy and use new energy. The scope of tax reduction and exemption shall be determined by the competent finance and taxation department of the State Council in consultation with relevant departments of the State Council and submitted to the State Council for approval.

Authorize local governments to periodically reduce or exempt vehicles and boats from motorcycles, tricycles and low-speed trucks owned by rural residents and used mainly in rural areas according to local conditions.

For vehicles and boats that are affected by severe natural disasters such as earthquakes or floods, they may be taxpayers who are in need of tax reduction or exemption for other special reasons, and may be reduced or exempted from the tax on vehicles and boats within a certain period of time. In addition, the taxation laws for vehicles and boats have retained the preferential policies for the regular reduction and exemption of taxes and regulations for the public transportation vehicles and the people’s governments of various provinces, autonomous regions and municipalities directly under the Central Government.

Two methods of tax payment The taxpayer declares the tax paid by the tax authorities on its own;

When taxpayers apply for compulsory liability for motor vehicle traffic accidents, the insurance agency collects and pays the tax on the vehicle.

The time of the new vehicle purchase tax and the tax payment duty of the vehicle and boat tax shall be the month in which the ownership or management right of the vehicle and boat is obtained. The month of the date set out in the purchase invoice or other supporting documents shall prevail. For newly purchased vehicles and ships in 2012, the amount of tax payable in the year of purchase shall be calculated on a monthly basis starting from the month in which the tax liability occurs. The tax payable shall be the annual taxable amount divided by 12 and the number of taxable months.