Future tax exemptions for new energy vehicles will be available

Future tax exemptions for new energy vehicles will be available Recently, the State Council executive meeting reviewed and in principle passed the Regulations of the People's Republic of China on the Implementation of the Tax Code for Vehicles and Boats (the draft). Subsequently, the Ministry of Finance and the State Administration of Taxation issued an interpretation document on the “Law of the People’s Republic of China on the Vehicle and Vessel Taxes”.

Recently, the Regulations of the People's Republic of China on the Taxation of Vehicles and Boats Law (Draft), which was reviewed and approved in principle by the State Council's executive meeting, clearly states that vehicles and boats that use energy and use new energy may be exempted or exempt from vehicle and boat taxes.

Compared with the previously implemented "Tental Transport Tax Regulations", the "T&R Tax Law" makes five adjustments to relevant taxation factors. Among them, the new energy vehicles are expected to reduce the tax exemption is a major highlight.

New energy vehicles are expected to reduce the tax on vehicle and transportation It is understood that the adjustment of the “Tax and Boat Tax Law” to the “Interim Tax Regulations on Vehicles and Vehicles” mainly includes five aspects: First, the scope of taxation is improved; second, the taxation basis for passenger vehicles is reformed; It is to adjust the tax burden structure; fourth is to standardize tax incentives; and fifth is to strengthen collection management. Among them, in the aspect of regulating tax incentives, the “T&E Tax Law”, in addition to the “Provisional Regulations on Vehicle and Boat Tax”, provides that the people’s governments of provinces, autonomous regions, and municipalities directly under the Central Government may provide regular reductions and exemptions for public transport vehicles, and also increase the following three preferential regulations. : Vehicles and boats that save energy and use new energy can be exempted or exempt from vehicle and boat taxes.

Experts in the automotive industry pointed out that in the early stage of the development of new energy vehicles, preferential taxation on new energy vehicles and boats can effectively promote the development of new energy vehicle industry and increase the enthusiasm of consumers to purchase new energy vehicles.

The other 2 favorable conditions are: The people’s governments of provinces, autonomous regions, and municipalities directly under the Central Government may, on the basis of local conditions, reduce the number of motorcycles, tricycles, and low-speed trucks owned by rural residents and used mainly in rural areas. Taxes on vehicles and boats are exempted; taxes on vehicles and boats may be reduced or exempted if they are subject to severe natural disasters, taxation difficulties, and other special reasons require reduction or exemption. Energy-saving and emission-reduction policies are clearly oriented. It is understood that considering the overall positive correlation between the passenger vehicle's displacement and its value, the “T&L Tax Law” uses the displacement as the passenger car tax basis.

Will the "Tax Boat Tax Law" increase the taxpayer's burden? The relevant person in charge of the State Administration of Taxation said that the adjustment of the tax on vehicles and boats will not substantially increase the burden on taxpayers. Because there are three principles to determine the tax amount range: first is to consider the actual implementation of the current tax standards; second is not to increase the tax burden of the majority of passenger cars; the last is to refer to the tax burden level of most of the country's passenger cars. Accordingly, the “T&L Tax Law” maintains the original tax burden for passenger cars of 2.0 liters (inclusive) or less, which account for 87% of the total, or moderate reductions, and for 2.0 to 2.5 liters (inclusive) passenger cars, which account for approximately 10% of the total. The tax amount has slightly increased, and the tax rate of passenger cars with a 2.5-liter or higher ratio, which accounts for less than 3%, has greatly increased. In addition, the “T&L Tax Law” basically maintains the original tax burden on goods vehicles, passenger cars and ships (except yachts) other than passenger cars. The 50% tax is levied, so the overall tax burden remains unchanged and only structural adjustments are made.

On December 2, the Ministry of Finance and the State Administration of Taxation issued an interpretation document for the “Law of the People's Republic of China on Vehicle and Vessel Taxes”, clarifying the new standards for the implementation of travel tax from January 1, 2012, and still complying with the current “Interim Regulations on Travel and Tourism Taxes” in 2011. Taxes for vehicles and boats are included.

It is understood that on February 25, 2011, the 19th Session of the Standing Committee of the 11th National People's Congress passed the "Law of the People's Republic of China on the Taxation of Vehicles and Vehicles" (hereinafter referred to as "Tax Boat Tax Law"). Prior to this, in December 2006, the State Council abolished the "Provisional Regulations on Taxes for the Use of Vehicles and Vehicles" and the "Provisional Regulations on Taxes for the Use of Vehicles and Vehicles," and formulated the "Provisional Regulations on the Taxation of Vehicles and Vehicles."

The State Administration of Taxation stated in the interpretation of the relevant issues of the “Personal Taxation Law of the People’s Republic of China” that the “Taxation Regulations on Vehicles and Vehicles Taxes” has achieved good results since its implementation on January 1, 2007. In 2010, the income from taxation of vehicles and boats was 24.16 billion yuan, which was 3.8 times more than the total income from the use of vehicle and ship licences and the income from the use of vehicles and boats in 2006.

Industry experts said that the “Tax and Boat Tax Law” has a particularly prominent policy function in terms of energy saving and emission reduction. Affected by this, the small-displacement vehicle market in the next year is expected to heat up. Automobile manufacturers should use this as an opportunity to develop new energy vehicles and small-displacement vehicles.

Xinle City Vast Plastic Co.,ltd

Brief Introduction of our company:
---Factory in Hebei Province, near Tianjin Port.
---Quick delivery:within 25 days, we have 10 production lines.
---8 years` experience in flooring
---Low price and high quality: one of the larger suppliers, we appreciate mutual benefits.
---Samples free

WPC Flooring is a new type environmental protection Wood Plastic Composite material.wood plastic composite new material is green energy-saving &environmental protection product. Our main products: outdoor floor, fence, roof terrace,pavilion,bridge,stair board, outdoor table and chair, villa patio, gallery pergola, landscape,advertising sign, wall cladding etc. In order to provide high quality, low cost, superior performance of the new type outdoor environmental protection material for domestic and oversea customers.

4mm WPC Flooring price, 5MM WPC Flooring price, 6mm WPC Flooring price, 7mm WPC flooring price, 8mm WPC flooring price, WPC flooring factory, WPC flooring supplier, WPC flooring stock lot.

4MM WPC Flooring

4MM WPC Flooring,Interior Decorative Yoga Flooring,Walnut Hardwood Flooring,WPC Waterproof Outdoor Flooring

XINLE CITY VAST PLASTIC CO.,LTD. , http://www.bodaflooring.com