Automobile tax reduction to 15% promotes car imports

Automobile tax reduction to 15% promotes car imports

Starting from July 1, 2018, the import tariffs on autos and auto parts will be reduced. The tax rate of the whole vehicle will be reduced from 25% to 15%, and the tax rate for auto parts will be unified from the highest level of 25% to the lowest level of 8%. Drop to 6%. After the implementation of the policy, the most directly affected is the price of imported cars. This is undoubtedly very good for those car owners who are ready to purchase imported cars or who already have imported troops. How much does your favorite car price reduce? According to the preliminary calculation of the tariff formula, the vehicle price will fall by about 8%, and the entire vehicle of 300,000-600,000 RMB will decline by 20,000 RMB to 40,000 RMB.

After the announcement of the policy, Toyota, which ranks first in terms of domestic vehicle import rankings, issued the first announcement of price cuts. Afterward, BMW also issued a statement, welcoming the tariff adjustment as a “strong signal” for the opening up of the market. Porsche also announced that it has paid attention to the new tax policy and confirmed that the price adjustment measures will be announced later. For the domestic luxury car brand BMW, Mercedes-Benz, Porsche will cut import prices.

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