关于调整超豪华小汽车消费税政策的公告 财政部 税务总局公告2025年第3号 为进一步引导合理消费，经国务院批准，现就超豪华小汽车消费税政策有关事项公告如下： 特此公告。 财政部 税务总局 2025年7月17日 【纠错】 【责任编辑:谷玥】 对纯电动、燃料电池等没有气缸容量（排气量）的超豪华小汽车仅在零售环节征收消费税。 二、对纳税人销售二手超豪华小汽车，不征收消费税。本公告所称二手车，是指从办理完注册登记 手续至达到国家强制报废标准之前进行交易并转移所有权的车辆。 三、《财政部 国家税务总局关于对超豪华小汽车加征消费税有关事项的通知》（财税〔2016〕129 号）第三条中的零售环节销售额，是指纳税人向购买方收取的与购车行为相关的全部价款和价外费用， 包括以精品、配饰和服务等名义收取的价款。 四、上述第一条和第二条规定自2025年7月20日起执行。 一、《财政部 国家税务总局关于对超豪华小汽车加征消费税有关事项的通知》（财税〔2016〕129 号）第一条中超豪华小汽车征收范围调整为"每辆零售价格90万元（不含增值税）及以上的各种动力类 型（含纯电动、燃料电池等动力类型）的乘用车和中轻型商用客车"。《财政部 国家 ...

Core Viewpoint - The article discusses the findings of the "July 2025 China Car Retention Rate Research Report," highlighting the importance of retention rates in assessing brand strength and guiding various automotive business strategies [2][4]. Policy Direction - The recent consumption tax reform targets ultra-luxury vehicles, expanding the tax range to include cars priced over 900,000 yuan, which is a significant reduction from previous thresholds. This reform aims to improve fiscal revenue and stimulate domestic demand [5][6]. Market Trends - The automotive market has seen a price war in the first half of the year, prompting government and industry responses to curb chaotic competition. Although price wars have lessened, a stable market norm has yet to be established [9]. Supply and Demand - There has been a slight decrease in car supply, indicating reduced new car replacements. The second-hand car market benefits from car loans, with a reported loan balance of 78.381 billion yuan, reflecting a year-on-year increase of 26.06% [12]. Valuation Insights - In the second-hand market dominated by fuel vehicles, new car prices significantly influence second-hand prices. Notably, small sedans and mid-to-large SUVs have shown strong performance in retention rates due to limited new car supply [16]. New Energy Vehicle Developments - The construction of high-power charging facilities is gaining support, addressing previous compatibility issues with the power grid. This shift towards organized development is expected to enhance the promotion of new energy vehicles and charging infrastructure [19]. Market Activity - New car replacement transactions are crucial for stimulating the second-hand market. However, with a slight increase in new car prices and the suspension of subsidies, replacement transactions have not seen sustained growth. The second-hand market remains stable, with plug-in hybrid models facing consumer hesitation [22][23].

Group 1 - The retail price threshold for luxury passenger cars and light commercial vehicles has been set at 1.3 million yuan (excluding VAT) and above, which has been abolished [3] - For various power types (including pure electric and fuel cell vehicles), the retail price threshold is set at 900,000 yuan (excluding VAT) and above, with new regulations stating that luxury electric and fuel cell vehicles without cylinder capacity will only be taxed at the retail stage [3] - The sale of second-hand luxury cars will not be subject to consumption tax [4] Group 2 - The definition of second-hand cars includes vehicles that have completed registration and are traded before reaching the national mandatory scrapping standard [5] - The new tax regulations will take effect on July 20, 2025 [5] - The retail sales amount is defined as the total price and additional fees charged by the taxpayer related to the car purchase, including fees for accessories and services [5]

Group 1 - The core point of the announcement is the adjustment of the consumption tax policy for super luxury cars, lowering the threshold to vehicles priced at 900,000 yuan (excluding VAT) and above, including various power types such as pure electric and fuel cell vehicles [2][3] - The adjustment aims to enhance the guiding role of consumption tax, targeting high-income groups to promote reasonable consumption behavior [3][5] - The previous threshold was set at 1.3 million yuan, and the new policy is expected to include more models, thereby increasing the tax base and improving consumption guidance [3][4] Group 2 - The estimated sales volume of taxable super luxury passenger cars in 2024 is around 25,000 units, accounting for less than 4% of the overall automotive consumption tax [4] - The adjustment is expected to lead to a decrease in the prices of super luxury cars, as the VAT reduction will lower the retail prices, which have already seen a decline of approximately 3.4% [4][8] - The inclusion of electric vehicles in the consumption tax framework is seen as a necessary step due to the increasing market share of new energy vehicles [7][8] Group 3 - The policy clarifies that the sale of second-hand super luxury cars will not be subject to consumption tax, addressing previous ambiguities and promoting better regulation [10] - The adjustment reflects a broader call for reform in the automotive tax structure, which has not been updated since the 1990s, to better align with current industry needs [10][11] - The reform is viewed as a starting point for further adjustments in automotive taxation, particularly concerning new energy vehicles, which currently contribute only about 15% to the overall automotive tax revenue [12]

Core Viewpoint - The adjustment of the luxury car consumption tax policy expands the tax range and aims to promote fair taxation and rational consumption in the automotive market [1][2]. Group 1: Tax Policy Changes - The luxury car consumption tax threshold has been lowered from a retail price of 1.3 million yuan to 900,000 yuan, now including various power types such as pure electric and fuel cell vehicles [1]. - The new tax policy will take effect on July 20, 2025, and will apply to all passenger cars and light commercial vehicles priced at or above 900,000 yuan [1]. Group 2: Market Reactions - Following the announcement, there was a surge in consumer interest in luxury cars, particularly those priced around 1 million yuan, leading to increased sales activities in major cities like Beijing and Shanghai [2]. - Some car manufacturers, such as Jaguar Land Rover China, have introduced measures to absorb the new tax costs for consumers who purchase specific models before July 31 [2]. Group 3: Impact on the Automotive Market - The luxury car segment represents only about 0.1% of the overall automotive market, suggesting that the new tax regulations will have a limited impact on general consumers [2]. - The announcement clarified that no consumption tax will be levied on the sale of second-hand luxury cars, preventing double taxation and enhancing policy certainty [3].

Group 1 - The core viewpoint of the article is the recent expansion of the consumption tax scope for super luxury cars, lowering the taxable price threshold from 1.3 million yuan to 900,000 yuan, which now includes both traditional fuel vehicles and new energy vehicles [1][10] - The purpose of this measure is to increase consumption tax revenue from super luxury cars, guiding reasonable consumption and enhancing the regulatory role of the consumption tax [1][10] - Historical data shows that the expansion of the consumption tax base has led to steady growth in consumption tax revenue, with significant contributions from specific categories such as tobacco, refined oil, and automobiles, which together account for over 90% of total consumption tax revenue [1][2][3] Group 2 - In recent years, the consumption tax has become a major driver of tax revenue growth, especially as other tax revenues have stagnated due to economic downturns [9] - The consumption tax revenue for the first five months of this year reached approximately 772.9 billion yuan, reflecting a year-on-year growth of 1.6%, which is higher than the overall tax revenue growth rate of -1.6% [9] - The "14th Five-Year Plan" emphasizes the need to optimize the consumption tax collection scope and rates, with a focus on shifting the collection process to local levels, although this reform has seen limited progress until now [10][11] Group 3 - The government aims to accelerate the reform of shifting the consumption tax collection process to local levels, which has been discussed for several years but is now gaining momentum [11][12] - This reform is expected to alleviate financial pressure on production enterprises without increasing the tax burden on consumers, while also encouraging local consumption [11] - Experts highlight the need for careful consideration of tax administration capabilities and equitable distribution of fiscal benefits between central and local governments when implementing these reforms [11][12]

Core Viewpoint - The article discusses recent announcements from the Ministry of Industry and Information Technology and the Ministry of Transport regarding the approval of new energy vehicle models, tax exemptions, and standards for vehicle efficiency testing, indicating a strong push towards promoting energy-efficient and new energy vehicles in China [2][4][10]. Group 1: New Energy Vehicle Announcements - On July 15, the Ministry of Industry and Information Technology released the 396th batch of vehicle production enterprises and products, along with directories for energy-saving and new energy vehicles eligible for tax exemptions [2][4]. - The directory for energy-saving and new energy vehicles includes 342 models, with 25 energy-saving models and 317 new energy models, highlighting a diverse range of vehicle types [6]. - The directory for vehicle purchase tax exemptions lists 476 compliant models, including 388 pure electric vehicles and 75 plug-in hybrid vehicles, showcasing the government's commitment to supporting the new energy vehicle sector [6]. Group 2: Standards and Regulations - The Ministry of Transport announced the 77th batch of compliant road transport vehicle models, which includes 325 models across various categories, emphasizing the importance of compliance with technical standards [10]. - New regulations regarding the consumption tax on super-luxury vehicles have been introduced, adjusting the threshold for taxation to vehicles priced at 900,000 yuan and above, which aims to guide reasonable consumption [12][14]. - The article also discusses the solicitation of opinions on two industry standards related to passenger car transmission efficiency testing and electronic shift mechanisms, indicating ongoing efforts to standardize and improve vehicle technology [17][20].

Domestic News - The Central Urban Work Conference highlighted that urbanization in China is transitioning from a rapid growth phase to a stable development phase, focusing on improving existing urban areas rather than large-scale expansion [1] - The establishment of China Yajiang Group Co., Ltd. was announced, emphasizing the importance of this company for the successful construction and operation of the Yajiang Hydropower Project [2] - The State Council's meeting addressed the need for high-quality development in the new energy vehicle industry, aiming to regulate irrational competition and enhance industry standards [3] - A joint notice from seven departments was issued to encourage foreign investment enterprises to reinvest domestically, proposing 12 measures to facilitate this process [4] - The Ministry of Finance and the State Taxation Administration announced an adjustment to the consumption tax policy for super-luxury cars, lowering the threshold to 900,000 yuan [4] - The market regulatory authority urged food delivery platforms to engage in rational competition and prioritize food safety in new business models [5] Economic Indicators - In the first half of the year, China's GDP grew by 5.3%, with retail sales of consumer goods increasing by 5.0% [7] - The total import and export volume reached 21.79 trillion yuan, a year-on-year increase of 2.9%, with exports at 13 trillion yuan (up 7.2%) and imports at 8.79 trillion yuan (down 2.7%) [7]

Core Viewpoint - The article discusses the significant adjustment in the consumption tax policy for ultra-luxury automobiles in China, lowering the tax threshold to 900,000 yuan (excluding VAT) to promote reasonable consumption and energy conservation [1][3]. Group 1: Policy Changes - The consumption tax for ultra-luxury automobiles is now applicable to vehicles with a retail price of 900,000 yuan (excluding VAT) and above, including various power types such as pure electric and fuel cell vehicles [1][3]. - The new policy will take effect from July 20, 2025, following an announcement by the Ministry of Finance and the State Taxation Administration [1][3]. - This marks the most significant change since the establishment of the ultra-luxury automobile consumption tax system in 2016, which initially set the threshold at 1.3 million yuan [3]. Group 2: Impact on Consumers and Companies - Jaguar Land Rover China has announced that it will fully cover the additional consumption tax for specified models purchased from authorized dealers between the policy's implementation date and July 31 [1]. - The new regulation also states that no consumption tax will be levied on the sale of second-hand ultra-luxury automobiles [2].

Core Viewpoint - The new luxury car consumption tax policy, effective from July 20, 2023, imposes a 10% consumption tax on vehicles priced over 900,000 yuan (excluding VAT), marking a significant change since the establishment of the luxury car tax system in 2016 [1][3][17]. Group 1: Policy Changes - The tax threshold for luxury cars has been lowered from 1.3 million yuan (including tax) to 900,000 yuan, affecting a broader range of vehicles [3][17]. - The new policy exempts the sale of second-hand luxury cars from consumption tax [2]. Group 2: Market Impact - The new tax regulation is expected to impact high-end brands like Porsche and Mercedes-Benz, which have significant sales in the affected price range [6][7]. - In the first half of 2025, approximately 37,000 new cars priced above 900,000 yuan are projected to be sold, with fuel vehicles still dominating the market despite a 41% year-on-year decline [7]. Group 3: Sales Trends - The demand for luxury imported cars has been declining, with a notable drop in imports from a peak of 1.43 million units in 2014 to an estimated 700,000 units in 2024 [8]. - Sales of luxury brands such as Bentley and Rolls-Royce have seen significant declines, with import volumes dropping by 20% to 39% in early 2025 [8]. Group 4: Price Adjustments - Many luxury car brands are experiencing price reductions, with some models seeing price cuts of over 50% [15]. - The average price of luxury cars has adjusted to align with the new tax base, reflecting market changes since the original tax policy was established [17]. Group 5: Expert Opinions - Experts believe the impact of the new tax policy on luxury car sales will be manageable, as the consumer base for luxury vehicles remains stable and affluent [16][19]. - The policy is seen as a structural tax reform that maintains overall tax stability while adjusting specific areas to enhance fairness and compliance [19].