A few days ago, we learned from the database of the State Administration of Taxation that in October this year, the country sold a total of 919,000 passenger cars with a displacement of 1.6 liters and below, an increase of 7.7% and 11% respectively over the same period last year and September this year. The new purchase of the 1.6-liter and below-displacement passenger cars, which was implemented on October 1st, has been fully levied. In addition to some vehicles being processed, the vehicle purchase tax of 3.91 million small-displacement passenger cars has been reduced by 3.68 billion. Yuan, the tax reduction effect is obvious.
The relevant person in charge of the Department of Goods and Services Tax of the State Administration of Taxation said that the policy effect of the new policy of automobile purchase tax is not only reflected in tax reduction, but also plays a role in guiding small-displacement automobile consumption and energy conservation and emission reduction. In October, a total of 1.147 million sedan cars were sold nationwide, including 919,000 cars with a displacement of 1.6 liters and below, accounting for 80.1% of total car sales in October, an increase of 3.5 percentage points and 4 percentage points respectively over the same period last year and September this year. .
It is understood that on September 29, the State Council decided to levy a vehicle purchase tax on the purchase of 1.6-liter and below passenger cars at a reduced rate of 5%. The State Administration of Taxation requires tax authorities at all levels to strengthen departmental cooperation and complete information system upgrades on time. Accurately implement tax policies, strengthen tax reduction audit management, and strengthen policy implementation tracking and effect analysis.
Judging from the current sales data released by various companies, the signs of market recovery are getting stronger. The pessimism that permeates the entire industry in the first half of this year is being dispelled. At least from the current point of view, this round of purchase tax preferential policies, for the "new normal" under the vitality of the Chinese market, played a "strong heart agent" effect.
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