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Guangdong Cuts Tax on Commercial Vehicles by 80%

Guangdong is to cut the vehicle and vessel tax payable on certain commercial vehicles by more than 80%. Among those categories covered by the reduction are trucks, trailers, utility vehicles and any other mechanical conveyances deemed to be in commercial use. The new taxation regime wil1 come into effect as of 1 January 2018 and will remain in force for the following five years.

For further details (in Chinese), please refer to the following link:

Circular of Guangdong Provincial People’s Government (Yue Fu No. 103 [2017])

Content provided by Picture: HKTDC Research
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