China planning to levy tax on vehicle emissions
(chinatrucks.com, Jan.28, 2010)China is mulling an eco-friendly plan to levy tax on emissions produced from vehicles, according to an official with Beijing city's economic planning agency, the Beijing News reported today.
"The central government has started its research on the environmental tax reform, including a plan to tax vehicle owners according to emissions of their vehicles," said Zhang Yanyou, deputy head of Beijing Municipal Development and Reform Commission.
For example, owners of vehicles equipped with a large-size engine will certainly pay more tax than owners of vehicles equipped with a small-size engine, which is similar to the car purchase tax.
"The more distance your car covers, the more you will pay," said an official with China's Ministry of Environmental Protection, cited by China Daily.
If the scheme takes effect in future, buyers of higher-emission vehicles will pay more tax. When and how the taxation will be conducted is not known yet.
China has overtaken the U.S. as the world's biggest auto market, with sales surging 46% last year to 13.6 million vehicles, which may cause more environmental concerns.
Views:0
- Tire makers take it on the chin 2010-02-26
- U.S. lawmakers urges study of impact of China tire tax 2010-01-22
- Tire tax would weaken Sino-US trade: Official 2009-09-16
- China may cut second-hand car sales tax to 1% 2009-02-05
- Fuel Taxes in China and Beijing's Balancing Act 2008-12-10
- Fuel Taxes in China and Beijing's Balancing Act 2008-12-10
- China may kick in fuel tax, oil pricing reforms in Jan 2008-12-08
- China rethinks tax changes amid slowdown 2008-12-03
- Fuel tax will be introduced soon, dealers lukewarm response 2008-11-26
- Taxing gas guzzling relapses in USA 2008-11-11
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021