Home > Vehicle and Vessel Tax > Text

Vehicle and Vessel TaxIn case of divergence of interpretation, the Chinese text shall prevail.

Circular on Relevant Issues Concerning Imposing Excise Tax on Super Luxurious Cars

Document No.:

Taxes:Consumption Tax,Vehicle and Vessel Tax,Administration of Tax Levy & Collection

Date of Promulgation:2016-12-01

IssueDepartment:Ministry of Finance,State Administration of Taxation

Date of Implementatio:2016-11-30

Annex:

Finance Departments (Bureaus) and State Taxation Bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state budgetary plan and Finance Bureau of Xinjiang Production and Construction Corps,

To guide reasonable consumption and promote energy conservation and emission reduction, upon approval by the State Council, consumption tax shall be imposed on super luxurious cars. Relevant issues are hereby notified as follows:

I. The sub-taxable item of “super luxurious cars” shall be added under the taxable item of “cars”. The levy & collection scope covers passenger cars and medium and light commercial passenger cars, whose single retail price reaches 1,300,000 Yuan (exclusive of VAT) or more. Namely, they are super luxurious cars of the sub-taxable items of passenger cars and medium and light commercial passenger cars. In addition to the imposition of excise tax on the super luxurious cars according to the existing tax rate at the production (importation) stage, the super excise tax shall be levied and collected at the retail stage at the tax rate of 10%.

II. Units and individuals, who sell super luxurious cars to consumers, are taxpayers of this super excise tax at the retail stage.

III. The formula of the super excise tax payable on the super luxurious cars at the retail stage is as follows:

Tax payable = sales amount at the retail stage (exclusive of VAT, the same hereinafter) × tax rate at the retail stage

For super luxurious cars directly sold to consumers by domestic automobile manufacturers, the super excise tax rate shall be the sum of the tax rate at the production stage and that at the retail stage. The formula of the consumption tax payable is:

Tax payable = sales amount × (tax rate at the production stage + tax rate at the retail stage)

IV. The aforementioned regulations shall be executed from December 1st, 2016. For super luxurious cars, whose automobile sales contracts have been signed before November 30th(inclusive) but which have not been delivered, taxpayers shall take signed automobile sales contracts with them to their in-charge taxation authorities to go through record procedures within five working days starting from December 1st(inclusive). Taxpayers, who go through record procedures according to regulations, shall be exempted from the excise tax at the retail stage. Those, who fail to go through record procedures or fail to go through record procedures within the prescribed time limit, shall pay the excise tax at the retail stage.

Attachment: The Table for Adjusted Taxable Items and Tax Rates of Cars

 

The Ministry of Finance and the State Administration of Taxation

November 30th, 2016

 

Attachment:

The Table for Adjusted Taxable Items and Tax Rates of Cars

  Taxable Item

  Taxable Rate

Production (Importation) Stage

  Retail Stage

 Car

 

 

  1. Passenger Car

 

 

(1)The cylinder capacity (discharge capacity) is lower than 1.0 liter (inclusive of 1.0 liter).

  1% 

 

(2) The cylinder capacity is between 1.0 liter and 1.5 liters (inclusive of 1.5 liters).

  3% 

 

(3) The cylinder capacity is between 1.5 liters and 2.0 liters (inclusive of 2.0 liters).

  5% 

 

(4)The cylinder capacity is between 2.0 liters and 2.5 liters (inclusive of 2.5 liters).

  9% 

 

(5) The cylinder capacity is between 2.5 liters and 3.0 liters (inclusive of 3.0 liters).

  12% 

 

(6) The cylinder capacity is between 3.0 liters and 4.0 liters (inclusive of 4.0 liters).

  25% 

 

(7)The cylinder capacity is above 4.0 liters.

  40% 

 

2. Medium and Light Commercial Passenger Car

  5% 

 

3. Super Luxurious Car

Levied and collected according to regulations of sub-taxable items 1 and 2

  10% 

 

 

Customer service

88393678(Information Support)

songf@eshui.net(Information Support)

Public messages

Disclaimer

All the information on this website is reprinted from government websites, newspapers, Gazettes, domestic and foreign medias and other publications.

Please check the official publications, originals of outgoing documents and sources of reprint for purposes of authenticity, accuracy and legitimacy of the information published on this website.

The information on, the materials provided and the performance of this website is provided on an "as is" and "as available" basis. We make no warranty of any kind in relation to or connection with the availability, accuracy or reliability of this website or any of its materials and information, including but not limited to any warranties, representations, and guarantees as to, title, risk, non-infringement, accuracy, reliability, merchantability, use, correctness, fitness for a particular purpose or otherwise, or that use of this website will be uninterrupted or error-free. If you become aware of any inaccuracies or errors in any materials or information on our website, we would be appreciate it if you would inform us of such inaccuracies or errors immediately by emailing us at songf@eshui.net.

We shall not under any circumstances be liable for any direct, indirect, incidental, special or consequential damages, losses, liabilities or any business interruption in relation to the use of or inability to use any information contained on this website (whether foreseeable or not and even if we have been informed of such likelihood).

This website may contain links to third-party websites which are not maintained by us. We are not responsible for the content of those websites. The inclusion of any link to such websites does not imply approval or an endorsement by us of the linked websites or the contents thereof and we make no representations or warranties concerning the linked sites nor shall it be liable for the same.

Copyright: Ministry of Commerce, the People's Republic of China

Supported by:China International Electronic Commerce Center

Tel: (86 10) 68651200(Customer Service)

Fax: (86 10) 65677512

Information Support: Beijing Zerui Certified Public Accountants Co.,Ltd.

Approved by:Department of Electronic Commerce and Informatization, Ministry of Commerce, PRC

Jing ICP Bei No. 05004093

E-mail:hanlx358@126.com

Tel: 61943289 - 8001