From April 1 China will raise consumption taxes on certain luxury products, including vehicles with larger engines, according to Reuters.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Taxes on the highest polluting vehicles will rise to 20%.
Consumption tax remains unchanged for cars with smaller engines, while the tax on hybrid and other environmentally-friendly cars will be discounted.
