What are the preferential tax policies for new energy vehicles-background
In February this year, the Notice on Adjusting and Perfecting the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles proposed to further improve the threshold requirements of energy density of power battery systems for pure electric passenger cars, non-fast-charging pure electric buses and special vehicles, and encourage the application of high-performance power batteries; During the transition period, new energy passenger cars and new energy buses will be subsidized by 0.7 times the corresponding standard in the Notice of the Development and Reform Commission of the Ministry of Finance on Adjusting the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles, while new energy trucks and special vehicles will be subsidized by 0.4 times, and the subsidy standard for fuel cell vehicles will remain unchanged. In this regard, the future will put forward higher requirements for the product performance of power battery manufacturers. Previously, the Action Plan for Promoting the Development of Automotive Power Battery Industry proposed that by 2020, the specific energy of new lithium-ion power batteries would exceed 300 WHr/kg；; In 2025, the specific energy of the new system power battery will reach 500 WHr/kg. To achieve this goal, enterprises need to invest a lot of manpower and material resources to overcome many technical difficulties, and the demand for funds will be huge.
What are the preferential tax policies for new energy vehicles —— Analysis
The Federation of Industry and Commerce pointed out that China's power battery manufacturers are facing greater financial pressure, and even some enterprises are facing the dilemma of bankruptcy, under the circumstances that state subsidies will drop and will be completely withdrawn in 2020 and the prices of raw materials for power batteries will rise sharply. At present, most of the research and development expenses of the world's leading Japanese and Korean power battery enterprises are borne by the government, and the value-added tax rate is only10%; And Korean power battery companies are also adopting low-cost strategy, trying to crush the power battery industry in China. At present, the new energy automobile industry has entered the growth period from the cultivation period, and the state has basically determined that the subsidy policy will be completely withdrawn after 2020. However, compared with traditional cars, new energy vehicles still have obvious cost disadvantages. In order to ensure the sustained and rapid development of the industry, realize the goal of moving from a big automobile country to a powerful automobile country, and consolidate China's leading edge in the field of new energy vehicles and power batteries, the Federation of Industry and Commerce suggested that the fiscal and tax support policies for power battery-related enterprises should be studied and introduced as soon as possible before the subsidy policy is withdrawn.
What are the preferential tax policies for new energy vehicles-constructive suggestions
The Federation of Industry and Commerce suggested that general taxpayers of value-added tax should sell their own power battery products, and the value-added tax rate of power batteries should be reduced from 17% to 1 1%, so as to reduce the tax burden of enterprises and allow enterprises to invest more money in advanced technology research and development, improve their technical level as soon as possible and occupy the commanding heights of international competition. At the same time, the Federation of Industry and Commerce also suggested that the deduction ratio of R&D expenses of power battery enterprises should be increased from 50% to 75% with reference to the state's support measures for small and medium-sized science and technology enterprises; Give financial subsidies to qualified power battery enterprises for technological progress and technological transformation projects.
In terms of taxation, our country definitely gives strong support to consumers who buy new energy vehicles. In 20 12, the number of drivers' licenses in China was 200 million, which increased to 247 million in 20 14, 47 million in just two years and 364 million in May 20 17. With the rapid increase, the country will increase the difficulty of driving test, which can't stop people's demand for cars. From 20 18 to 2020, new energy vehicles will be exempted from vehicle purchase tax. Although it is two years here, we feel that there will be more favorable policies after 2020. After all, new energy vehicles are the general trend.