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New-Energy Vehicle Tax Incentive Scheme Extended Until 2020

All vehicles added to the Catalogue of New-Energy Vehicle Models Exempt from Vehicle Purchase Tax from 1 January 2018 onwards will enjoy the said benefit for the period 1 January 2018 to 31 December 2020. Any vehicles added on or before 31 December 2017 will continue to be entitled to the previously specified tax exemption. These entitlements were outlined in the Announcement on Exemption of Vehicle Purchase Tax on New-Energy Vehicles jointly issued by the Ministry of Finance and a number of other government bodies.

For further details (in Chinese), please visit the following link:

Announcement of the Ministry of Finance, General Administration of Taxation, Ministry of Industry and Information Technology, and Ministry of Science and Technology on the Exemption of Vehicle Purchase Tax on New-Energy Vehicles

Content provided by Picture: HKTDC Research
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