BEIJING — Three government groups are joining together to introduce a consumption tax reduction proposal for small-size vehicles that meet Euro-II emissions standards. The plan calls for an increase in the number of taxable grades for cars with less than a 1.0L engine, currently subject to a 1% tax rate. It also calls for adding 1.6L engine cars to the 3% tax bracket. The Dongfeng-Citroen Fukang and Volkswagen Jetta cars fall within this group. The plan further stipulates that cars with ...
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