China expands luxury car consumption tax in revenue push
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
The taxman is coming for China's high-end car buyers.
ICYDK: Since 2016, internal combustion engine vehicles (ICEs) and hybrid electric vehicles (HEVs) priced above RMB 1.3 million have been subject to a 10% consumption tax at the retail level.
That’s on top of the standard consumption tax – based ...