The Ministry of Finance and other three departments announced on August 6 that from September 1, 2014 to December 31, 2017, the purchase of new energy vehicles will be exempted from vehicle purchase tax. The first catalogue of new energy vehicles exempt from purchase tax will be released at the end of the month. We are a distinguished manufacturer and wholesaler specializing in the production of top-quality Inflatable Air Furniture. Our diverse product range includes: inflatable sofa, inflatable chair, blow up couch, blow up sofa, air sofa Lixin Outdoor Product Co., Ltd , https://www.jmInflatableboat.com
New energy vehicles that are exempt from tax exemption from vehicle purchase tax in the list of duty-free models are pure electric vehicles, plug-in (including extended-range) hybrid vehicles and fuel cell vehicles sold in China, including some Imported models.
New energy vehicles that are exempt from vehicle purchase tax will be managed by the Ministry of Industry and Information Technology and the State Administration of Taxation through the issuance of the Catalogue of New Energy Vehicles Exempt from Vehicle Purchase Tax. To put it simply, only new energy vehicles listed in this catalogue can enjoy exemption from purchase tax benefits. The vehicle purchase time is based on the date indicated on the uniform invoice or valid certificate of motor vehicle sales.
The reporter learned from the China Association of Automobile Manufacturers that the Ministry of Industry and Information Technology revealed yesterday that the first batch of tax-free models will be officially released at the end of August to ensure implementation from September 1. Prior to this, the company had to complete the declaration work to the Ministry of Industry and Information Technology.
The vehicle purchase tax is a kind of tax levied on units and individuals that purchase vehicles in China. The taxable amount is calculated by the method of ad valorem rate. The formula is: taxable amount = taxable price × tax rate, and the tax rate is 10%.
The three departments stipulate the conditions for the listed new energy vehicles and the enterprises applying for the application, including: the comprehensive fuel consumption of the plug-in hybrid vehicles should meet the standards; the new energy vehicles must be tested specifically to meet the new energy vehicles. Standard requirements; provide warranty for not less than 5 years or 100,000 kilometers for key components such as power batteries, motors, and electronic controls for new energy vehicles.
The Ministry of Industry and Information Technology believes that most of the existing new energy vehicles can meet the requirements of the catalogue.
New energy vehicle support policies are frequent. At present, the support policies for new energy vehicles in China include state and local financial subsidies; Beijing New Energy Vehicles alone shakes numbers, and Shanghai provides free licenses for new energy vehicles. Many places have different support policies for new energy vehicles.
In July of this year, the “Implementation Plan for the Purchase of New Energy Vehicles by Government Organs and Public Institutions†was released, requiring that the new energy vehicles purchased by government agencies and public institutions in the city of new energy vehicles should be updated with the total amount of new energy in the year from 2014 to 2016. The ratio is not less than 30%, and will increase year by year.
According to data released by the China Association of Automobile Manufacturers, in the first half of 2014, domestic new energy vehicles produced 20,692 vehicles and sold 20,477 vehicles, a year-on-year increase of 2.3 times and 2.2 times, and production and sales have exceeded last year.
For the ever-increasing new energy vehicle promotion policy, various institutions have expressed optimism about the new energy vehicle sector. Haitong Securities said that the wave of marketization of new energy vehicles has arrived. The marketization of new energy vehicles in China will enter the “Gao Shuai Fuâ€, “Reeling†and government procurement. In 2014, the new energy auto segment is still the strongest fundamental growth segment.
Changjiang Securities said that it is firmly optimistic about new energy vehicles. Zheshang Futures is cautious, saying that the support policy for new energy vehicles is still plagued by inadequate charging facilities and high sales prices of new cars, and the benefits for car sales are limited.
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