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| Tags: adjust, china, excise, month, next, policy, tax, vehicle |
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08-14-2008, 06:13 AM
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China to adjust vehicle excise tax policy next month
The Ministry of Finance and the State Administration of Taxation of China has issued a notice saying that the vehicle excise tax policy will be adjusted as of September 1st 2008. At that time, the tax rate for high-emissions vehicles will be raised while that of low-emissions vehicles will be decreased. The content of the policy reads as follows: Raise the tax rate for high-emissions vehicles whose air displacement is between 3.0L and 4.0L (including 4.0L) from 15% to 25% and more than 4.0L o ...
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