The policy of halving the vehicle purchase tax on some passenger cars, which has been implemented since June 1, has come to a full moon. The latest data from the State Administration of Taxation shows that in the first month of the implementation of the new policy, a total of 7.1

The policy of halving the vehicle purchase tax on some passenger cars, which has been implemented since June 1, has come to a full moon. The latest data from the State Administration of Taxation shows that in the first month of the implementation of the new policy, a total of 7.1 billion yuan in vehicle purchase taxes were reduced across the country, with tax reductions on 1.097 million vehicles.

html On June 25, the audience learned about a new energy vehicle at the 2022 Chongqing Auto Show . Photo by Xinhua News Agency reporter Huang Wei

For some time, my country's automobile consumption has been "cooled" due to multiple factors such as the epidemic. The implementation of the vehicle purchase tax halving policy has played a key role in releasing consumption potential and boosting the automobile market.

html In late May, the State Council executive meeting further deployed a package of measures to stabilize the economy and proposed a phased reduction in the purchase tax on some passenger cars by 60 billion yuan. On May 31, the Ministry of Finance and the State Administration of Taxation issued an announcement that the purchase date is between June 1, 2022 and December 31, 2022, and the bicycle price (excluding value-added tax) does not exceed 300,000 yuan. Passenger cars with displacements of and below will be levied at half the vehicle purchase tax.

"I have always planned to buy a new car for transportation, but I always hesitated about the price. This time the car purchase tax was halved and I saved nearly 10,000 yuan, which made me determined to buy it." Mr. Yan, who lives in Yingkou, Liaoning Province, said on June 1 "Xiti" new car has become one of the first beneficiaries of the halved car purchase tax.

The preferential policy of halving the vehicle purchase tax not only brings benefits to car buyers, but also brings a solid sales recovery to car dealers.

html On June 26, it was the weekend, and an automobile sales and service company in Chengdu, Sichuan was crowded. Many customers stopped in front of new cars to inquire about vehicle-related information. Mr. Zhang, the sales manager of

company, said: "Most of the brand models sold in our stores are within the scope of the policy of halving the car purchase tax. Customers who had been waiting and watching before are now coming to contact us to buy cars. This month, more customers came to the store to view cars. Last month there was an increase of 50% to 60%, and the transaction volume was also very impressive.”

According to Mr. Zhang, from January to May this year, the company’s average monthly sales were about 80 vehicles, and the sales volume in June reached more than 140 vehicles. The growth rate reached 75%. "This policy not only benefits consumers, but also improves the living conditions and development confidence of our dealers," he said. According to

data, from June 1 to 26, the passenger car market retailed 1.422 million units, a year-on-year increase of 27% and an increase of 37% from the same period last month.

Taxes collected from vehicle purchase taxes have always been earmarked for national transportation infrastructure construction. In the context of the economy facing downward pressure, the introduction of a phased car purchase tax halving policy sends a signal of full support for the recovery of the automobile industry.

Li Ping, deputy director of the Taxation Research Institute of the State Administration of Taxation, believes that this policy will work together from both the consumer side and the supply side. On the consumer side, it can directly reduce consumers' car purchase costs, effectively mobilize consumers' enthusiasm for car purchases, help release the potential of automobile consumption, and expand domestic demand. On the supply side, it will help alleviate the impact of the epidemic on the automobile industry, accelerate the resumption of work and production of automobile companies, and promote the overall recovery and sustainable development of the industry.

's convenient tax processing mode and extensive policy publicity also helped the smooth implementation of the halved car purchase tax collection.

After purchasing a car from a car sales and service company in Chongqing, Ms. Li logged into the Electronic Taxation Bureau and entered the information related to the unified motor vehicle sales invoice. The system automatically recognized the tax reduction mark and automatically halved the car purchase tax. "I didn't expect it to be done so quickly. It's very convenient to pay taxes," she said.

It is understood that under the unified deployment of the State Administration of Taxation, local tax departments have quickly completed the development, testing, and upgrading of collection and management information systems, comprehensively carried out policy publicity and interpretation, and implemented this policy faster and better. (Reporters Yan Fujing, Wang Yuxiao)