Latest! 7 departments issued important notices (full text)
2024-08-17
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August 16,According to the Ministry of Commerce website,The Ministry of Commerce and seven other departments issued"Notice on Further Improving the Car Trade-in Program".For individual consumers who scrap their old cars and buy new ones in accordance with the Implementation Rules of the Subsidy for Old Car Trade-in, the subsidy standard is RMB 10,000 for new energy passenger cars and RMB 7,000 for fuel passenger cars.Increased to 20,000 yuan and 15,000 yuan respectively.
Eligible subsidy applications submitted between April 24, 2024 and January 10, 2025, when the "Implementation Rules for Car Trade-in Subsidy" are issued, will be subsidized according to the standards specified in this notice.For subsidy applications that have already been issued according to previous standards, local governments will make up the difference.
Optimize the vehicle scrapping and renewal review and payment supervision process, and transfer the subsidy funds to the bank account provided by the applicant according to the procedures.
All localities should speed up the formulation of implementation plans for automobile replacement and renewal, and reasonably determine subsidy standards, subsidy conditions and implementation methods.
The full text is as follows:
Notice from the Ministry of Commerce and seven other departments on further improving the work related to the old-for-new vehicle exchange
Commercial Consumption Letter [2024] No. 392
To the competent departments of commerce, development and reform, industry and information technology, public security, ecological environment, and taxation of all provinces, autonomous regions, municipalities directly under the Central Government, and the Xinjiang Production and Construction Corps, the finance departments (bureaus) of all provinces, autonomous regions, and municipalities directly under the Central Government, the Finance Bureau of the Xinjiang Production and Construction Corps, and the local regulatory bureaus of the Ministry of Finance:
In accordance with the requirements of the "Notice of the National Development and Reform Commission and the Ministry of Finance on Issuing Several Measures to Further Support Large-Scale Equipment Renewal and Consumer Goods Trade-in" (Fagaihuanzi [2024] No. 1104, hereinafter referred to as the "Several Measures"), in order to further improve the work of automobile trade-in and strive to stabilize and expand automobile consumption, the following matters are hereby notified:
1. Raise the subsidy standard for scrapping and renewal
For individual consumers who meet the requirements of the Notice on Issuing the Implementation Rules for the Subsidy for Old Vehicle Trade-in (Shang Xiaowu Han [2024] No. 75, hereinafter referred to as the "Subsidy Implementation Rules") issued by the Ministry of Commerce, the Ministry of Finance and other seven departments, and who scrap fuel passenger cars with National III emission standards or below or new energy passenger cars registered before April 30, 2018 between April 24, 2024 (including that day, the same below) and December 31, 2024, and purchase new energy passenger cars or fuel passenger cars with a displacement of 2.0 liters or less included in the "Catalogue of New Energy Vehicle Models for Vehicle Purchase Tax Reduction and Exemption" of the Ministry of Industry and Information Technology, the subsidy standards shall be adjusted as follows:
For those who scrap the above two types of old cars and buy new energy passenger cars,Subsidy 20,000 yuan; For those who scrap fuel passenger cars with national emission standards of III or below and purchase fuel passenger cars with a displacement of 2.0 liters or less,Subsidy of 15,000 yuan.
Eligible subsidy applications submitted between April 24, 2024 and January 10, 2025 (including applications for which subsidy payments have been completed) will be subsidized according to the standards specified in this notice.Among them, for subsidy applications that have been issued according to previous standards, local governments shall make up the difference according to the standards specified in this notice.
The owner of the scrapped car and the owner of the newly purchased car who apply for the subsidy should be the same individual consumer. The scrapped fuel passenger car with National III emission standards or below or the new energy passenger car registered before April 30, 2018 should be registered in the name of the applicant before July 25, 2024 in accordance with the requirements of the "Several Measures". From the date of issuance of this notice, during the subsidy application review period, the newly purchased car should be registered in the name of the applicant.
II. Increase central financial support
In accordance with the requirements of the "Several Measures", the National Development and Reform Commission has arranged ultra-long-term special treasury bond funds to support local governments in improving their ability to trade in old consumer goods for new ones, and to promote the scrapping and renewal of automobiles and the replacement and renewal of passenger cars for individual consumers.
The subsidy funds for scrapping and replacing automobiles are shared by the central and local governments according to the overall principle of 9:1, and the specific sharing ratio is determined by region.The eastern provinces will share the burden in a ratio of 8.5:1.5, the central provinces will share the burden in a ratio of 9:1, and the western provinces will share the burden in a ratio of 9.5:0.5. The local share will be arranged by the provincial finances in proportion to the central funds allocation.
3. Optimize the review and payment supervision process for scrapped vehicles
After receiving the application materials for the automobile scrapping and renewal subsidy, the local commerce authorities will review them in accordance with their functions and responsibilities together with the finance, public security, industry and information technology departments, and feedback the review results through the national automobile trade-in platform, and the tax department will cooperate. The Ministry of Commerce, the Ministry of Public Security, the Ministry of Industry and Information Technology and other departments provide information verification and comparison services such as scrapped motor vehicle recycling and cancellation, new car registration, and new energy new car models to support local governments in conducting review work efficiently.
The provincial-level commerce authorities will work with relevant departments to determine the review level and review department for subsidy applications within their jurisdiction. The local commerce authorities will promptly summarize the information of applicants who meet the subsidy conditions, determine the subsidy amount, and submit funding applications to the finance department. The local finance departments will transfer the subsidy funds to the bank account provided by the applicant in accordance with the procedures based on the funding arrangement opinions put forward by the commerce authorities. When local commerce authorities submit funding applications to the finance departments at the same level, they must also report the funding arrangement opinions to the local supervision bureaus of the Ministry of Finance and the development and reform departments at the same level.
After the policy implementation period ends, provincial-level commerce departments, development and reform departments, and finance departments shall submit subsidy fund disbursement information to the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance before February 10, 2025. The Ministry of Commerce will review and summarize the subsidy fund disbursement information reported by various regions. In accordance with the relevant requirements of the "Several Measures", the review opinions of the Ministry of Commerce, and the preliminary review results of the local regulatory bureaus of the Ministry of Finance, the central and local governments will conduct liquidation.
IV. Strengthen supervision and management
All localities and relevant departments shall supervise and manage the subsidy work for car trade-in in accordance with the "Several Measures" and "Subsidy Implementation Rules", and ensure the coordination of relevant policies during implementation to ensure a smooth transition of policies, improve the efficiency of fund use, strengthen publicity and guidance, truly benefit enterprises and the people, and effectively ensure the security of subsidy funds.All localities should equally support enterprises of different ownership and registered places to participate in the car trade-in program.All localities should speed up the formulation of implementation plans for automobile replacement and renewal, reasonably determine subsidy standards, subsidy conditions and implementation methods, refine the operating procedures, and consolidate the responsibilities of all parties. Encourage places with conditions to build and improve automobile replacement and renewal information systems, strengthen cross-departmental information sharing and verification and comparison, and coordinate and efficiently carry out audit work. Places that have built automobile replacement and renewal information systems should connect with the national automobile trade-in platform and push subsidy issuance related data in a timely manner through data interfaces; places that do not have information systems should timely summarize the replacement and renewal data in their regions and push them to the Ministry of Commerce through the "National Automobile Circulation Information Management" system.
This notice shall be implemented from the date of its issuance. In case of any inconsistency between the Subsidy Implementation Rules and this notice, this notice shall prevail.
National Development and Reform Commission
Ministry of Industry and Information Technology
Ministry of Public Security
Ministry of Ecology and Environment
State Administration of Taxation
Source: Decision Magazine
