Auto tax incentive

• Source: Global Times
• [08:19 December 29 2010]
• Comments

Effective January 1, a sales tax of 10 percent will be imposed on cars with a 1.6-liter engine or smaller, the finance ministry said on its website Tuesday.

Beijing unveiled a raft of stimulus policies for the auto industry in 2009, including tax incentives for cars with engine sizes of 1.6 liters or smaller.

It did not say whether 3,000-yuan ($446.09) rebates for fuel-efficient cars would remain in place in 2011.

Reuters