185 BRT buses in Yichang City have been exempted from vehicle purchase tax, 2015, amounting up to ¥9.8 million, according to Yichang Municipal Vehicle Purchase Tax Bureau of the State Administration of Taxation.
In order to reduce the burden of urban bus enterprises and promote healthy and steady development of roadway transportation industry, SAT (State Administration of Taxation) and Ministry of Transport jointly issued Notice on Issues Regarding Vehicle Purchase Tax Exemption for Bus/Electric Bus Purchasing of Urban Bus Enterprises which clearly stipulates that from Jan 1st , 2012 to Dec 31st, 2015, buses and electric buses purchased by urban bus enterprises should be exempted from vehicle purchase taxes.
Hearing the purchase of BRT buses in our city, Vehicle Purchase Tax Collection Administration Branch of Yichang Bureau of State Taxation contacted bus group the first time around and opened a green channel for centralized examination and approval of BRT buses. Special-assigned persons in special posts worked overtime to handle the special cases with special methods. At the end of May and the beginning of June, the state tax department went through vehicle purchase tax exemption procedures for 185 buses in two batches respectively in government affairs hall in Yinling District and Yichang Bureau of State Taxation with vehicle purchase tax exemption amounting to RMB 9.8 million. The average tax exemption amount of each BRT bus was RMB 53,000 with the highest amount of tax exemption of single bus of RMB 126,923. This has guaranteed that newly purchased BRT buses in our city could be timely serve for citizens and that citizens could enjoy the convenience brought by BRT at an early date.(Correspondent Yang Kai, Chen Jia, and Reporter Chen Lu)