- China reduces the threshold for super luxury cars to be subject to consumption tax The change aims to increase tax revenue from high-end vehicles The policy targets cars with high prices and large engine capacities The adjustment reflects China’s efforts to regulate luxury consumption The move may impact the luxury car market and consumer behavior
Source: research.ibfd.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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