Announcement of the Ministry of Finance, the State Administration of Taxation and the Ministry of Industry and Information Technology on the Catalogue of Energy-saving and New-energy Vehicles Entitled to Vehicle and Vessel Tax Reduction and Exemption

Issued by: Ministry of Finance, State Administration of Taxation, Ministry of Industry and Information Technology

Document No.: Announcement No.7, 2012 of the Ministry of Finance

Date of Issue: 2012-03-06

To promote the development of energy-saving and new-energy automotive industry, in accordance with the provision in Article 4 of the "Law of the People's Republic of China on Vehicle and Vessel Tax" and in Article 10 of the "Regulation on the Implementation of the Vehicle and Vessel Tax Law of the People's Republic of China", upon approval by the State Council, the catalogue of the first group of energy-saving and new-energy vehicles entitled to vehicle and vessel tax reduction and exemption is hereby announced as follows.

As of January 1, 2012, the vehicle and vessel tax shall be reduced by half for energy-saving vehicles; the vehicle and vessel tax shall be exempt for new-energy vehicles.

Ministry of Finance

State Administration of Taxation

Ministry of Industry and Information Technology

2012-03-06

Appendix:

Catalogue of Energy-saving and New-energy Vehicles Entitled to Vehicle and Vessel Tax Reduction and Exemption (First Group)