Vehicle and Vessel Tax Law
Vehicle and Vessel Tax Law was adopted at the National People’s Congress and became effective on January 1, 2012. The regulations reduce or exempt vehicles that conserve energy or use new energy from certain taxes. Tax of traditional vehicles with displacement between 1.6 liters and 3.0 liters is lowered and that of the vehicles of 3.0 liters and above remains at a higher level.
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