Notice of the Ministry of Finance and the State Administration of Taxation on Adjusting Consumption Tax on Imported Passenger Cars

This notice adjusts the consumption tax on imported passenger cars, stipulating that for ultra-luxury cars with a duty-paid value of 1.3 million yuan or more imported for personal use by certain diplomatic and resident personnel, the tax rate is calculated by summing the production (import) stage rate and the retail stage rate (10%), to be collected by customs. The notice takes effect from December 1, 2016.