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Promotion of the 1.5% reduction for new cars from the first scrap cars Forecast for next January
The government reduces the individual consumption tax (tax of opening) for pbadenger cars, motorcycles, motorhomes, etc.
In addition, it is expected that by the end of 2008, if a new car is scrapped and the newly registered car is scrapped next year, it will be further reduced.
The government announced plans to revitalize the national economy in "the economic conditions and political direction since the second half" announced on January 18 and "measures to support income and income of low income .
The government reduces the tax rate of opening from 5% to 3.5% by the end of the year for pbadenger cars (with the exception light cars), motorcycles and motorhomes.
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This tax reduction is a modification of the ordinance of execution, which will be promulgated in the second half of the year by revising the ordinance of execution later.
However, even before the amendment of the ordinance, a tax deduction will be applied for departure after the 19th.
Tax cuts for pbadenger cars are the first since the end of August 2015 to June 2016. At that time, the tax rate was reduced to 3.5 %. Although he tried to reduce it by the end of 2015, it was extended by six months due to the economic contraction.
From past examples, the tax-cutting effect is expected to increase pbadenger car sales by about 10,000 vehicles per month.
The average monthly volume of pbadenger car sales increased 10,000 units (7.3%) from the three-month average before support, to reach 147,000 units from August 2015 to June 2016 .
On average, 118,000 units were sold during the period from September 2012 to December 2012, and 14,000 units (13.4%) were sold as the average of 104,000 units for three months immediately before support.
The government has decided to reduce tax cuts to respond to the contraction in consumer sentiment and maintain domestic demand momentum in 2S09.
The June Consumer Sentiment Index reached 105.5, the lowest in 14 months. As a result, domestic sales, production, employment, exports and trade frictions are of concern.
When auto sales increase, the effect of increased consumption is significant. Automotive sales accounted for 11.7% of retail sales and 45% of durable goods sales. This is an article with a strong correlation with consumption.
The reduction of the sales tax will lead to a reduction in vehicle prices, which will benefit consumers.
Companies were reduced to 200,000 ~ 267,000 won by type of car at the last minute.
The government expects to ease the burden of small and medium suppliers such as parts and accessories. The production incentive coefficient of automobiles is 2.54, which is much higher than the medical care of 1.69, the semiconductors of 1.49 and the average of the industry of 1.98.
The government expects private consumption to increase by 0.1% to 0.2% and gross domestic product (GDP) to rise 0.1% this year due to declines in 39; tax.
If the government prematurely cancels diesel vehicles, the new tax on vehicles will be reduced by 1.5% up to 1 million won.
However, since it is an amendment to the special law on tax restrictions, it is estimated that it will be implemented from the month of January of the same year. 39, next year after deliberation of the ordinary session of the National Assembly.
If this occurs, the maximum amount of reduction should be 143,000 won. This is the result of the addition of 1,000,000 won in school taxes, 30,000 won in school taxes and 130,000 won in taxes (10% opening tax + school tax). .
Kim Byeong-gyu, head of the tax department of the Ministry of Strategy and Finance, said: "If the price of the car drops, it will reduce the cost of the car from 40,000 KRW to 40,000 KRW and from 5,500 KRW to 540,000 KRW. I will do it. "
(Sejong = Yonhap News) reporter Lee Dae Hee
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