AutoBeta(AutoBeta.net)03/29 Report--

During the two sessions, the State Council will definitely deepen the value-added tax reform. On April 1, the policy of reducing the value-added tax rate in China will be formally implemented, reducing the current 16% tax rate of the manufacturing industry to 13%. In response to the VAT rate reduction policy, many car companies have announced price cuts, and thanks to the VAT rate reduction, the price of domestic oil products has now been reduced.

The maximum retail prices of domestic gasoline and diesel have been reduced by 225yuan and 200yuan per ton respectively due to the adjustment of value-added tax rates, according to a notice issued by the National Development and Reform Commission on March 29th. From 24:00 on March 31, 2019, the national average, per liter of 92 # gasoline, 95 # gasoline and 0 # diesel will be reduced by 0.18 yuan, 0.19 yuan and 0.17 yuan per liter respectively.

As early as March 2018, the State Council reduced the VAT rate from 17% to 16% in manufacturing and other industries, and from 11% to 10% in transportation, construction and other industries. The re-adjustment of VAT also made clear the government's determination and efforts to reduce the burden on enterprises and stimulate market vitality. After the reduction in the VAT rate, the prices of cars and oil products have been reduced, which is a good thing for consumers.

Attached: the highest retail price of gasoline and diesel in provinces, autonomous regions, cities and central cities

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat