- China will lower the consumption tax threshold for super luxury cars to CNY 900,000. The change will include more luxury and imported cars under a 10% tax. Second-hand luxury car sales remain exempt. New energy vehicles will be taxed, but used ones are not. The tax aims to reduce luxury and high-pollution consumption.
Source: regfollower.com
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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