Thu, June 30, 2011
China > Politics

China's legislature to vote on draft law for vehicle taxes

2011-02-25 02:05:38 GMT2011-02-25 10:05:38(Beijing Time)  Xinhua English

Wu Bangguo (C), chairman of the Standing Committee of the National People's Congress (NPC), presides over a meeting of the chairman and vice-chairpersons of the NPC Standing Committee in Beijing, capital of China, Feb. 24, 2011. (Xinhua/Fan Rujun)

BEIJING, Feb. 24 (Xinhua) -- The Standing Committee of the National People's Congress (NPC) will vote on draft laws on vehicle and boat taxes at the end of its bimonthly sessions on Friday.

The group is also expected to vote on protecting the nation's intangible cultural heritage and a draft amendment to the Criminal Law.

The Chairperson's Council of the NPC Standing Committee adopted the decision at a Thursday meeting presided over by NPC Standing Committee Chairman Wu Bangguo.

The three drafts will undergo further deliberation and revision based upon the opinion of the members of the NPC Standing Committee before the laws are put to a vote.

Under the draft law on vehicle and vessel taxes, there will be a reduction in taxes for vehicles with engines smaller than 2.0 liters, which accounts for 87 percent of China's cars. Vehicle owners would also be required to submit tax certificates in order to qualify for a road-worthiness certificate.


Add Your Comments:

Your Name:
Your Country:
(English Only)
Please read our Terms of Service. Messages that harass, abuse or threaten others; have obscene or otherwise objectionable content; have spam, commercial or advertising content or links may be removed.