Can I buy a car that is tax-free now?

But not all cars have the policy of exemption from purchase tax. According to the Catalogue of New Energy Vehicles Exempted from Vehicle Purchase Tax published by State Taxation Administration of The People's Republic of China, only qualified new energy vehicles can be exempted from vehicle purchase tax. These vehicles include pure electric vehicles, plug-in hybrid vehicles (including extended range vehicles) and fuel cell trams.

However, if the car purchased by consumers belongs to new energy vehicles, they can enjoy the policy of exemption from purchase tax. Traditional fuel vehicles have not been exempted from purchase tax yet. In addition, it is worth noting that new energy vehicles exempted from vehicle purchase tax need to be included in the Catalogue of New Energy Vehicles Exempted from Vehicle Purchase Tax, and can only enjoy the policy of exemption from vehicle purchase tax from the date indicated on the unified invoice (or valid certificate) for motor vehicle sales.

Purchase tax policy

If the car purchased by consumers is not in the catalogue exempted from vehicle purchase tax, or the date on the invoice is later than the publication date of the catalogue, then the policy of exemption from purchase tax cannot be enjoyed. Consumers need to know the relevant policies when buying vehicles, so as not to miss the opportunity of exemption from purchase tax. As a representative of modern means of transportation, cars have always attracted much attention.

In 2022, the Ministry of Finance, State Taxation Administration of The People's Republic of China and the Ministry of Industry and Information Technology issued an announcement. In 2023, the new energy vehicle purchase tax will continue to be exempted, which is a rare preferential policy for those who need to buy a house. However, it should be noted that not all new energy vehicles are tax-free and need to meet the prescribed conditions. Everyone should check carefully when buying a car.