Preferential Tax Policy for Small Engine Vehicles Ceased
Published:
2010-12-29
The central government has decided to cease the preferential tax policy for small engine vehicles at the end of 2010; as of January 1, 2011, buyers of cars with engines sizes of 1.6 liters or less will have to pay a vehicle purchase tax at a rate of 10% instead of the previous 7.5%.
Source
The Beijing Times
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