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The tax rate of the vehicle purchase tax law is still 10%. These types of vehicles can be exempted f

On December 29, the 7th Meeting of the Standing Committee of the 13th National People's Congress passed the law of the people's Republic of China on vehicle purchase (hereinafter referred to as "the law of the people's Republic of China on vehicle purchase"), which will come into effect on July 1, 2019. Meanwhile, the Provisional Regulations of the people's Republic of China on vehicle purchase tax (hereinafter referred to as "the Provisional Regulations") which has been implemented for about 18 years will be abolished Stop. How does the new tax law on vehicle purchase stipulate? Let's have a look.

At the fifth meeting of the Standing Committee of the 13th National People ' The interim regulations have been upgraded to law. At the same time, according to the actual situation, the individual tax matters shall be adjusted accordingly. '

According to the vehicle purchase tax law, the tax rate of vehicle purchase tax is 10%, which has no change compared with the provisional regulations. In addition, the vehicle purchase tax law also specifies that five categories of vehicles can be exempted from vehicle purchase tax, including vehicles for self use by foreign embassies, consulates, agencies of international organizations in China and their relevant personnel that should be exempted according to the law; vehicles listed in the equipment ordering plan by the people's Liberation Army and the Chinese people's armed police force; Non transport special operation vehicles with fixed devices; national comprehensive fire-fighting and rescue vehicles with special emergency rescue license plate hanging; and public buses and trams purchased by urban public transport enterprises, among which the latter two types of vehicles are tax-free vehicles newly defined by law.

Vehicle purchase tax plays an important role in organizing financial revenue, promoting the construction of transportation infrastructure and guiding the healthy development of automobile industry. Liu Kun introduced that, according to the provisional regulations, since January 1, 2001, vehicles purchase tax will be levied on units and individuals who purchase vehicles such as automobiles and motorcycles. The vehicle purchase tax shall be levied at ad valorem rate of 10%. Since the implementation of the interim regulations, the operation of vehicle purchase tax has been relatively stable. From 2001 to 2017, a total of 262.14 billion yuan of vehicle purchase tax was collected nationwide, with an average annual growth of 17%, of which 328.1 billion yuan was collected in 2017.