Is the consumption tax levied on enterprises to buy passenger cars or light commercial buses?
Levy According to the notice issued by State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on June, 2006 10, enterprises should levy consumption tax on cars purchased from passenger cars and light commercial buses and modified for production. Consumption tax is the general name of all kinds of taxes based on the turnover of consumer goods, and it is a tax levied by the government on consumer goods.