Vehicle purchase tax exemption policy 2022: Which specific vehicles are subject to reduced purchase tax? Can I get a tax refund for items I’ve already purchased?

In order to promote the economic development of our country, the State Council recently issued a package of measures to stabilize the economy. Car buyers also need to pay attention, as the vehicle purchase tax for this type of passenger car will be halved. So what are the provisions of the vehicle purchase tax exemption policy in 2022? Which specific vehicles are eligible for purchase tax reduction? Can I get a tax refund for items I’ve already purchased?

Changsha 1. Vehicle Purchase Tax Exemption Policy 2022

On May 31, 2022, the Ministry of Finance and the State Administration of Taxation jointly issued an announcement on reducing the purchase tax on some passenger vehicles, with the aim of promoting automobile consumption and supporting the development of the automobile industry. The relevant policies on reducing the purchase tax of some passenger vehicles are hereby announced as follows:

1. Implementation period of 2022 vehicle purchase tax exemption: vehicles purchased between June 1, 2022 and December 31, 2022.

2.2022 Vehicle Purchase Tax Exemption Vehicles: refers to passenger cars, which are designed, manufactured and technically used mainly for carrying passengers, their carry-on luggage and (or) temporary items, and have a maximum of 9 seats including the driver's seat.

3.2022 Vehicle Purchase Tax Certificate: The purchase date of a passenger car is determined according to the issuance date of valid certificates such as the motor vehicle sales unified invoice or the customs duty payment receipt.

Changsha 2. Which vehicles will have purchase tax reduction in 2022?

The purchase tax for passenger cars with a displacement of 2.0 liters or less and priced no more than RMB 300,000 will be reduced, which of course includes passenger cars with a displacement of 2.0 liters. Cars like Haval F7, Changan CS75PLUS, Mitsubishi ASX, and Hyundai ix35 all have 2.0-liter power and are priced around 140,000 yuan.

Changsha 3. Can I get a tax refund for vehicles that have already been purchased with reduced purchase tax in 2022?

Vehicles that have already been purchased under the 2022 vehicle purchase tax reduction are not eligible for a tax refund. Because according to the notice, the preferential period starts from June 1, 2022, so passenger cars purchased before June 1 cannot enjoy the purchase tax reduction policy. Even if you bought it at the end of May, you cannot enjoy this policy.

In short, the Vehicle Purchase Tax Exemption Policy 2022 refers to the announcement recently issued by the Ministry of Finance on reducing the vehicle purchase tax on some passenger cars. Vehicles subject to purchase tax reduction mainly refer to passenger cars with a displacement of 2.0 liters or less. Those that have been purchased before the implementation of the policy cannot enjoy the preferential policy.