Ministry of Finance: NEVs purchased to be exempt from VPT in 2021 and 2022
2020-04-23 16:19:45 [Print]
On April 22, the Ministry of Finance, the State Taxation Administration and the Ministry of Industry and Information Technology issued a notice on the policies of exemption of new energy vehicles (NEV) from vehicle purchase tax (VPT). From January 1, 2021 to December 31, 2022, NEVs including pure electric vehicles, plug-in hybrid vehicles (including ERVE) and fuel cell electric vehicles will be exempt from vehicle purchase tax.
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