China extends NEV purchase tax waiver until end of 2023
2022-09-01 15:29:11 [Print]
China will extend the new energy vehicle (NEV) purchase tax exemption to the end of 2023, according a State Council executive meeting.
In the first seven months of 2022, the country's NEV purchase tax relief amounted to RMB40.68 billion (USD5 . 89 billion), a 108 . 5% increase from the comparable period of last year, including RMB7 . 17 billion (USD1 . 04 billion) in July, up by 119 . 1% year on year, according to data released by State Taxation Administration on August 31.
In the first seven months of 2022, the country's NEV purchase tax relief amounted to RMB40.68 billion (USD5 . 89 billion), a 108 . 5% increase from the comparable period of last year, including RMB7 . 17 billion (USD1 . 04 billion) in July, up by 119 . 1% year on year, according to data released by State Taxation Administration on August 31.