May 31 2019

Two Authorities Announce Policies Related to Vehicle Acquisition Tax

The Ministry of Finance and the State Administration of Taxation issued on May 27, 2019 the Announcement about Policies Related to Vehicle Acquisition Tax.

According to the announcement, the total price actually paid to the seller by taxpayers when they purchase the taxable vehicle for self-use shall be determined according to the price specified in the relevant vouchers, excluding the value-added tax. If a vehicle that has already been taxed with vehicle acquisition tax is returned to the automaker or seller, and the taxpayer wants to get a rebate of the vehicle acquisition tax, the period of use shall begin from the date of tax payment until the date of tax rebate application. The announcement will be effective from July 1, 2019.