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big news:BREAKING: China extends full purchase tax exemption for...

  1. Stephan90
    4,077 Posts.
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    21/06/23
    19:35
    Post #: 68406217
    big news:

    BREAKING: China extends full purchase tax exemption for NEVs until end of 2025 - CnEVPost

    "China will exempt the purchase tax on NEVs with a purchase date between January 1, 2024, and December 31, 2025, but the tax exemption will not exceed RMB 30,000 yuan ($4,170) per passenger vehicle, according to an announcement issued today by the Ministry of Finance."

    "For NEVs with a purchase date between January 1, 2026 and December 31, 2027, the vehicle purchase tax will be levied at half the normal rate, of which, the tax reduction for each new energy passenger vehicle will not exceed RMB 15,000." ...
    Last edited by Stephan90: 21/06/23
    AKE Price at posting: $16.32 Sentiment: Buy Disclosure: Held
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