Tax Implications of Vehicle Trade-in - The sale of a used vehicle by an individual is exempt from value-added tax (VAT) according to the Interim Regulations on Value-Added Tax of the People's Republic of China [3] - The income from the transfer of property is calculated as the income from the transfer minus the original value and reasonable expenses, resulting in zero taxable income if the sale price is lower than the original value [4] - Personal contracts for the sale of movable property are not subject to stamp duty [5] New Energy Vehicle Tax Policies - New energy vehicles purchased between January 1, 2024, and December 31, 2025, are exempt from vehicle purchase tax, with a maximum exemption of 30,000 yuan per vehicle [6][8] - For new energy vehicles purchased between January 1, 2026, and December 31, 2027, the vehicle purchase tax will be halved [6] - The taxable amount for vehicle purchase tax is calculated as the sale price multiplied by the tax rate (10%), and if it does not exceed the exemption limit, no tax is due [8] Vehicle and Vessel Tax Exemptions - New energy vehicles, including pure electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles, are exempt from vehicle and vessel tax [13] - To qualify for tax exemptions, vehicles must meet specific technical standards set by relevant authorities [13]

Group 1 - The article discusses the tax implications of trading in an old vehicle for a new one, specifically focusing on the case of an individual selling a used car and purchasing a new energy vehicle [4][6] - According to the regulations, the sale of a used vehicle by an individual is exempt from value-added tax (VAT) [4] - The personal income tax on capital gains is calculated based on the income from the sale minus the original value and reasonable expenses, resulting in zero taxable income in this case [6] - The article states that personal contracts for movable property sales are not subject to stamp duty [6] - New energy vehicles purchased between January 1, 2024, and December 31, 2025, are exempt from vehicle purchase tax, with a maximum exemption of 30,000 yuan per vehicle [6][9] - For purchases made between January 1, 2026, and December 31, 2027, the vehicle purchase tax will be halved, with a maximum reduction of 15,000 yuan per vehicle [6][9] Group 2 - The article outlines the criteria for new energy vehicles to qualify for tax exemptions, including being pure electric, plug-in hybrid, or fuel cell vehicles [8] - The vehicle purchase tax for the new energy vehicle in the example is calculated at 10% of the purchase price, amounting to 25,000 yuan, which is exempt under the policy [9] - The article also mentions that energy-saving vehicles are subject to a halved vehicle and vessel tax if they meet specific criteria [10][11] - Pure electric and fuel cell vehicles are exempt from vehicle and vessel tax, provided they meet the necessary technical standards [11]