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Tag: Ministry of Industry and Information Technology

Industry Focus Areas, Motorized Vehicle, Regulations

China will exempt Tesla cars from purchase tax

August 30, 2019

Via: Reuters

BEIJING (Reuters) – China will exempt Tesla Inc’s (TSLA.O) electric vehicles (EV) from purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website. China currently levies a 10% purchase tax on the sale of each vehicle. […]