Three Departments: Exemption From Vehicle Purchase Tax For Purchasing New Energy Vehicles From 2024 To 2025, Reduction In Purchase Tax For 2026 To 2027

Half Collection: The Ministry of Finance, the State Administration of Taxation, and the Ministry of Industry and Information Technology jointly issued a notice on the continuation and optimization of the policy for reducing and exempting the purchase tax on new energy vehicles: new energy vehicles purchased from January 1, 2024 to December 31, 2025 are exempt from vehicle purchase tax, with a tax exemption of no more than 30000 yuan per new energy passenger vehicle; Vehicle purchase tax will be halved for new energy vehicles purchased between January 1, 2026 and December 31, 2027, with a tax reduction of no more than 15000 yuan per new energy passenger vehicle.