On July 17, the Ministry of Finance issued "Notice of the State Taxation Administration on Relevant Matters Concerning the Imposition of Additional Consumption Tax on Ultra-Luxury Automobiles". The announcement states that the scope of ultra-luxury automobiles subject to the tax will be adjusted to "passenger cars and medium and light commercial passenger vehicles of all power types (including battery electric, fuel cell, and other power types) with a retail price of 900,000 yuan or more per vehicle (excluding value-added tax)". For ultra-luxury automobiles without cylinder capacity (displacement), such as battery electric and fuel cell vehicles, the consumption tax will be levied only at the retail stage. No consumption tax will be levied on taxpayers selling second-hand ultra-luxury automobiles. View Details >