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| Tags: car, china, conserve, energy, passenger, rates, revamps, tax |
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08-13-2008, 10:20 AM
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China revamps passenger car tax rates to conserve energy
China will adjust its vehicle tax rates from Sept. 1 to favor smaller-capacity, more fuel-efficient engines that will cut energy use and reduce emissions, according to a joint online announcement by the Ministry of Finance (MOF) and State Administration of Taxation on Wednesday. The tax on cars with engine capacities of 3 to 4 liters will rise to 25 percent from 15 percent, with the rate for engines of more than 4 liters doubling to 40 percent. The rate on cars with engines that ...
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