Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref. : EIC 631/2/7

4 July 2023

Dear Sirs,

Commercial Information Circular No. 438/2023

The Mainland of China : Notice Concerning Extension and Optimisation of Vehicle Purchase Tax Reduction and Exemption Policies for New Energy Vehicles

The Ministry of Finance, the State Taxation Administration and the Ministry of Industry and Information Technology jointly issued on 19 June 2023 the "Notice Concerning Extension and Optimisation of Vehicle Purchase Tax (VPT) Reduction and Exemption Policies for New Energy Vehicles (NEVs)" under which the VPT on NEVs purchased between 1 January 2024 and 31 December 2025 will be exempted, and the VPT on NEVs purchased between 1 January 2026 and 31 December 2027 will be reduced by 50%. Please refer to the Appendix (pdf format) for the notice (available in Chinese only).

ENQUIRIES

2.If you have any questions on the content of the document mentioned in this circular, please contact the issuing authority of the Mainland of China direct. For other questions on this circular, please contact Mainland Branch (I) (tel: 2398 5444) of the Department.

Yours faithfully,

(Miss Sindy LEE)
for Director-General of Trade and Industry

Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.