China will adapt utilization levy on vehicles as of September 1 this year to constrain high-emission vehicles and encourage small ones, according to a circular together issued by the Ministry of Finance and the State management of Taxation today.
(Harwit, 2001)
According to the circular, the tax on large-scale vehicles with an motor size of over 4 liters will increase to 40 percent from 20 percent.
(Kendall, 2004)
The State assembly, China's cabinet, acquiesced on July 23 this year in standard to lift the consumption levy on cars with large engines to help save energy.