This afternoon, the state council's committee on tariffs and tariffs issued a proclamation on reducing tariffs on imports of cars and parts. The bulletin states that, as from 1 july 2018, tariffs on the import of motor vehicles as a whole and parts thereof have been reduced. Reduced the tax rate to 15 per cent for 4 tax points with a total rate of 25 per cent and 135 tax numbers and 20 per cent. Tax rates for vehicle spare parts were reduced to 6 per cent for a total of 79 tariff lines of 8 per cent, 10 per cent, 15 per cent, 20 per cent and 25 per cent, respectively。
As soon as news came out, ji-chul anticipated a major change in china's car market. For the time being, regardless of the impact of the lower tax rate on automobile parts, the most important concern is how much less expensive it would be to buy imported cars after a lower tariff。
Import duties are divided mainly into customs duties, excise taxes and value added taxes. Current tariffs on most imported vehicles are 25 per cent, and excise taxes are 16 per cent, depending on volume。
How much less is the vehicle going to pay after the tariff has dropped to 15 per cent, calculated by the lexas es200 elite version, which is a guide price of $298,000
An import vehicle consumption tax of 5 per cent is known for 2. 0l, while, based on experience, jiji assumed that the price of the lexus 200 elite would be 180,000 yuan (because the exact import price of the manufacturer could not be known)。
As can be seen from the table above, when customs duties on imported vehicles are reduced from 25 per cent to 15 per cent, the cost of the mentoring of the es200 elite of the lexus, at a price of $298,000, can be saved by nearly $21900. If you're going to eat 2,000 bucks a year, you'll get ten years of lobster。
At the same time, the cost of later maintenance of imported vehicles will be reduced as part of the tax rate for vehicle spare parts is reduced to 6 per cent. In general, therefore, imported vehicles will become more pro-people after 1 july。
Some people might think that i'm not going to buy an imported car, and then i don't have much to do with the lower tariffs. It's not right. The whole price system of the automobile market is tied up and, if the prices of imported vehicles are lowered, the price of their joint venture will inevitably be lowered。
For example, when the price of the lexus ess dropped, its competition for the cadillac xts, the odia6l, and so on, might yield price concessions to maintain market share。
At the same time, many of the joint-venture components will be imported, and the reduced tariffs on some of the imported components will further reduce the cost of joint-venture production。
I'm sorry
Following a downward tariff adjustment, the price differential between parallel and branded imported vehicles is bound to increase further, forcing branded imported vehicles to operate at reduced prices. Lower prices for branded imported vehicles will also affect the cost of joint-venture-type vehicles, with the last layer affecting prices in different degrees throughout the chinese market。
Will you be more inclined to import cars after the tariff cuts
