Guangdong starts subsidy action for rural consuming of vehicles in 2020

Recently, the Guangdong Provincial Government launched a special action for rural consumption of autos in 2020, and arranged 1.2 billion yuan in financial subsidies to help this action.

Recently, the Guangdong Provincial Government launched a special action for rural consumption of autos in 2020, and arranged 1.2 billion yuan in financial subsidies to help this action.

On May 28, the First Taxation Branch of the Guangdong Provincial Taxation Bureau of the State Administration of Taxation set up a special counseling session on this policy for large auto manufacturing companies through an online meeting, which helped promote the rapid recovery of the auto market and auto companies.

In order to promote automobile consumption and industrial development, the Ministry of Finance, the State Administration of Taxation and other departments recently jointly issued relevant policies, clarifying that the policy of exempting vehicle purchase tax for new energy vehicles continues until December 31, 2022.

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Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/30/guangdong-starts-subsidy-action-for-rural-consuming-of-vehicles-in-2020/.

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