Legal basis: Interim Measures for the Administration of Local Funds Subsidized by Vehicle Purchase Tax Income.
Article 2 The term "vehicle purchase tax revenue subsidizing local funds" as mentioned in these Measures refers to the funds arranged by the central government from the vehicle purchase tax revenue to support the development of the transportation industry.
Article 3 The management and use of vehicle purchase tax funds shall follow the following principles: (1) Give prominence to the power of affairs. It is necessary to ensure the relevant expenditures required by the central government in accordance with the relevant requirements of the division of financial rights and responsibilities in the transportation field, and give certain financial support to local finance according to the development goals of different periods. (2) protection points. It is necessary to focus on ensuring major national strategic goals and major projects that are included in the national transportation planning. (3) Pay attention to performance. We should implement the whole process of budget performance management and strengthen the application of performance evaluation results. (4) perform duties. Financial departments at all levels and transportation departments shall be responsible for the declaration, examination, implementation and supervision of projects and funds according to their respective responsibilities.
Article 4 The implementation period of these Measures is five years. After the policy expires, the Ministry of Finance and the Ministry of Transport will conduct a policy evaluation and determine the implementation period of the next phase of the policy according to the evaluation results.
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