en.Wedoany.com Reported - With approval from the State Council, the Ministry of Finance, the State Administration of Taxation, and the Ministry of Industry and Information Technology jointly issued an announcement today (3rd) to adjust the vehicle and vessel tax incentives for energy-saving vehicles and new energy vehicles.

According to Wedoany.com, effective January 1, 2027, the policy of halving the vehicle and vessel tax for energy-saving vehicles will be abolished, and the policy of exempting pure electric commercial vehicles, plug-in (including range-extended) hybrid vehicles, and fuel cell commercial vehicles from vehicle and vessel tax will also be abolished. Taxpayers who newly acquire or have previously acquired the above types of vehicles before the implementation of this announcement shall pay vehicle and vessel tax in accordance with the "Vehicle and Vessel Tax Law of the People's Republic of China" and its implementing regulations, as well as other relevant provisions.

This announcement shall take effect from January 1, 2027.

According to the "Vehicle and Vessel Tax Law of the People's Republic of China," pure electric passenger vehicles and fuel cell passenger vehicles are not within the scope of vehicle and vessel tax collection and are exempt from such tax.

According to the provisions of the announcement, effective January 1, 2027, taxpayers who acquired pure electric commercial vehicles, plug-in (including range-extended) hybrid vehicles, fuel cell commercial vehicles, or energy-saving vehicles before the implementation of this announcement will no longer enjoy the preferential policies and must pay vehicle and vessel tax as required.

Effective January 1, 2027, pure electric commercial vehicles, plug-in (including range-extended) hybrid vehicles, fuel cell commercial vehicles, and energy-saving vehicles shall calculate and pay vehicle and vessel tax based on the specific applicable tax amounts for vehicles determined by the people's governments of provinces, autonomous regions, and municipalities directly under the central government in accordance with the "Vehicle and Vessel Tax Schedule" attached to the "Vehicle and Vessel Tax Law of the People's Republic of China."