国产av不卡一区二区_欧美xxxx做受欧美_成年人看的毛片_亚洲第一天堂在线观看_亚洲午夜精品久久久中文影院av_8x8ⅹ国产精品一区二区二区_久久精品国产sm调教网站演员_亚洲av综合色区无码一二三区_成人免费激情视频_国产九九九视频

Sales tax on small cars might be exempted
(Xinhua)
Updated: 2005-04-17 08:43

The sales tax on small cars with 1.0 liter engines and below is now three percent of the total price, while that on cars with engines of 1.0 litre to 2.2 litres is 5 percent, and that on cars with 2.2 litre engine and above is 8 percent.

An official with the Administration of Taxation said that the administration is now working on a plan to readjust consumption tax on cars.

The official said that the tax exemption would provide space for prices cut for small cars, though it might not cause direct price cuts, as the sales tax is now levied on car makers and covered by the overall price.

The price of Chery's QQ, a well-known small car on Chinese market, is 29,800 yuan (US$3,600), and the tax exemption could save car makers nearly 900 yuan.

But as for luxury cars, the tax readjustment will not impact its consumption much, said the paper.

Liu Huan, deputy president of the financial and public management institute of the Central University of Finance and Economics, said government organizations and companies are the major buyers of luxury cars, and they won't easily change their buying habits because of readjusted taxes.

Ji Zhu, Professor at the Beijing Industrial and Commercial University, agrees with Liu. Ji said a tax on gasoline, discussed for several years but not yet enacted, would be much more effective than the readjustment of sales tax in restraining the consumption on luxury cars.

Close