China to end auto tax incentive in 2011 - govnt xx

Newswire

BEIJING, Dec 28 (Reuters) - China will end its its tax incentives for small cars in 2011, the finance ministry said on Tuesday. "Effective from January 1, 2011, a sales tax of 10 percent will be imposed on cars with a 1.6-litre engine or smaller," said the ministry on its website. Beijing unveiled a raft of stimulus policies for the auto industry in 2009, including tax incentives for cars with engine sizes of 1.6 litres or smaller, a move that helped China surpass the United States as ...

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