US EditionNew Luxury Tax Employs German Car Builders in China
14 Articles
14 Articles
China is paying attention to German premium car manufacturers with a tax change. In the most important car market in the world, it could be even more difficult. What do Mercedes, BMW, Porsche and Audi say about this?
China is paying attention to German premium car manufacturers with a tax change. In the most important car market in the world, it could be even more difficult. What do Mercedes, BMW, Porsche and Audi say about this?
In China, the threshold at which a luxury tax applies has been lowered. German car manufacturers that offer higher-priced models in the People's Republic are affected.
China is putting German premium car manufacturers under pressure with a tax change. Things could get even more difficult in the world's most important auto market. What do Mercedes, BMW, Porsche, and Audi have to say about this?
A new luxury tax in China is posing challenges for German premium car manufacturers. The Chinese Ministry of Finance has significantly reduced the tax threshold – from 1.3 million yuan (currently around 154,000 euros) to 900,000 yuan (approximately 107,000 euros without VAT). The regulation has been in effect since last Sunday and, for the first time, also applies to electric vehicles. Previously, only cars with combustion engines were subject t…
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