Buyers of Big Cars Will Pay More Tax
-
Buyers of big cars will fork out more taxes and those who opt for smaller models will pay less under a revised auto consumption tax likely to come into force next year.
Industry experts see it as a government move to increase fuel efficiency and reduce emissions.
The current tax structure, which has three slabs for different engine sizes, is likely to have five, Zhang Jinhua, deputy director of the China Automotive Technology and Research Centre, said yesterday in Beijing.
For instance, cars with engine displacement of 1 litre or less will pay 1 per cent instead of the current 3 per cent while vehicles with 4 litre or higher engines would pay between 20-25 per cent instead of the current 8 per cent.
"The consumption tax reform cannot have an immediate impact on the clean-vehicle market. But at least, it is an inspiration for car makers," Zhang said at the 4th International Clean Vehicle Technology Conference and Exhibition.
Earlier this month, Feng Fei, a senior official of the government's top think-tank, proposed that tax be levied on buyers rather than on auto producers as is done now.
"We suggest that tax be levied on car buyers directly, which will encourage them to consider buying economy vehicles with lower emissions," said Fei, director of the industry department of the State Council Development Research Centre.
At yesterday's conference, Zhang said if emissions were to be cut significantly, it would require State backing. "Substantial support from the government is needed. Without it, the price for hybrid vehicles will remain high and the market can never grow," he said.
Prius, jointly manufactured by Japan-based Toyota and the China FAW Group Corporation, will be the first hybrid car available in the Chinese market.
Zhu Yanfeng, president of the joint venture, announced on Wednesday that Prius would be available from mid-December for 250,000 yuan (US$31,000) a price tag substantially higher than the averag -
Hi I'm sorry but sgforums do not stand for ShanGhai forums. It stands for SinGapore forums.
-
we dont care about car prices in china.
-
-
beijing suck le....Originally posted by nightsky87:Hi I'm sorry but sgforums do not stand for ShanGhai forums. It stands for SinGapore forums.
somemore got a picture of that stupid Mao Zedong on Tiananmen gate -
i would be laughing if somebody put up this kind of pic at City Hall..Originally posted by ceecookie:beijing suck le....
somemore got a picture of that stupid Mao Zedong on a building
-
stupid guy he is...i rather salute Hitler or StalinOriginally posted by laurence82:i would be laughing if somebody put up this kind of pic at City Hall..
-
Why don't you salute your milo peng man?Originally posted by ceecookie:stupid guy he is...i rather salute Hitler or Stalin
-
Well, you don't see Russians or Germans behaving boorishly at public places.
-
Originally posted by ceecookie:
[b]
stupid guy he is...i rather salute Hitler or Stalin
[b]
-
there's a modern pic of him...Originally posted by nightsky87:
-
Thats the actor for Bartemoius Crouch, Harry Potter
But funny, the book's character is strong, this movie one like wussy
Ok, just adding my post count b4 nick closes this topic -
SIEG HEIL!!!!Originally posted by nightsky87: -
Herr Hitler!Originally posted by AE86tofu:SIEG HEIL!!!! -
Omg MOLE he's a mole! i mean he got a moleOriginally posted by laurence82:i would be laughing if somebody put up this kind of pic at City Hall..