Tuesday, May 31, 2022

Beijing halves sales tax on cars with engine sizes up to 2.0 liters

Beijing halves sales tax on cars with engine sizes up to 2.0 liters https://ift.tt/brUXPnz

Beijing, seeking to revive vehicle sales undermined by government anti-pandemic measures, will halve the sales tax to 5 percent on new light vehicles with engine sizes up to 2.0 liters and priced at 300,000 yuan ($45,045) or below. 

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