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Reduced Automobile Tariffs From July 1th
Jun 23, 2018

From July 1th , the auto tariff will be reduced: the tariff of 900,000 imported cars will be reduced by 24,000 yuan。

On May 22th, the Customs Tariff Commission of the State Council issued an announcement that, with the approval of the State Council, starting from July 1th, 2018, the tariffs on vehicles for vehicles with tax rates of 25% and 20% respectively will be reduced to 15% and the tax reduction rates will be 40% respectively;25%; The auto parts tariffs with tax rates of 8%, 10%, 15%, 20%, and 25% will be reduced to 6%, with an average tax reduction rate of 46%.

After the tax reduction, the average tax rate for China's auto vehicles is 13.8%, and the average tax rate for parts and components is 6%, which is in line with China's auto industry.

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