Chinese buyers looking to purchase luxury cars or supercars costing 1,3 million yuan ($189,000) or more will also need to pay a 10% tax starting today, according to the Ministry of Finance.
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Thursday, December 1, 2016
China Slaps 10% Tax On Expensive Cars To Encourage More Eco-Friendly Purchases
Chinese buyers looking to purchase luxury cars or supercars costing 1,3 million yuan ($189,000) or more will also need to pay a 10% tax starting today, according to the Ministry of Finance.
Read more »
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