Automobile dealers group proposes to further liberalize second-hand car market

On April 10, China Automobile Dealers Association (CADA) formally submitted to the National Development and Reform Commission and other relevant ministries a report on the relevant situations after the reduction of value-added tax on used car distribution by 0.5%.

On April 10, China Automobile Dealers Association (CADA) formally submitted to the National Development and Reform Commission and other relevant ministries a report on the relevant situations after the reduction of value-added tax on used car distribution by 0.5%.

The report suggests that the competent departments for industry and commerce should, according to the needs of enterprises, (1) further open up access to the operation of used cars, strengthen both operational and post-operational oversight while providing more autonomy to enterprises, (2) optimize the invoice management process of second-hand car distribution enterprises, and set up new special value-added tax invoices for used car sales, and (3) speed up the revision of Measures for the Management of Used Cars Circulation to keep pace with the implementation of the new tax reduction policy.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/19/automobile-dealers-group-proposes-to-further-liberalize-second-hand-car-market/.

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