Overseas students can enjoy a variety of policy benefits after returning home, among other things, we must know about the tax-free car purchase policy that is closely related to everyone. In today’s society, it is very convenient to buy a car and a modern vehicle. However, many overseas students don’t know about the duty-free car purchase policy of overseas students after they return home, thus wasting a lot of money. Today, let’s have a look at this article about overseas students’ personal experience of duty-free car purchase when they return to China.
I. background of duty-free car policy
In October 1992 national relevant departments jointly issued the “on home service for students studying abroad with cash to buy for personal use of the domestic car related issues notice”, the provisions shall go abroad to study normal university (college) registered bi (junction) industry and gain period in more than one year of study abroad, in the duty-free limit and brought into the territory from abroad in the foreign exchange quotas, available spot buy domestic auto a tax exemption, to encourage students studying abroad returned to work.
Who can apply for the duty-free car?
This preferential benefit is applicable to the purpose of studying and studying abroad. Students can enjoy this benefit regardless of whether they study in a regular university (college) or a scientific research institution abroad, study for a degree, study business or engage in scientific research and academic exchange for more than one academic year. For graduates who come back to China after work, business and marriage, the car is indispensable. But be warned: you are eligible for tax exemption for one year from graduation, and automatically lose your eligibility for more than one year.
Iii. Students’ personal experience in duty-free car purchase
When I went through the formalities of graduation from the consulate in 2016 and was ready to return to China, I was very surprised to hear that foreign students can buy cars duty-free within one year after graduation. The amount of tax exemption can range from tens of thousands to hundreds of thousands, which can save a lot of money.
After he returned to China, he went to the 4S shop to inquire, but was told that the duty-free car must be approved by the customs and purchased directly from the manufacturer. Mr. Z immediately contacted the car manufacturer and could purchase the model information of the car duty-free. After some consideration, finally decided to buy a suv, Beijing hyundai models is determined, the manufacturer said because involves the production of customs supervision, parts of import and export tax refund and exemption purchase surtax, so buy duty-free domestic cars should deal with: car producer customs formalities, to the factory direct purchase and transport formalities, use vehicles extraction procedures, using the invoice verification for industry and commerce and purchase surtax formalities, shall be exempted on vehicle examination, registration mark. Although the process is a little complicated, but when the car is in hand, the mood is very excited. Note: before carrying the license plate, you need to get the certificate of exemption from additional tax from the local highway engineering management department by presenting the overseas students’ purchase permit and purchase invoice approved by the customs. Mr. Z bought a desirable car tax-free and saved a lot of money. It was worth it.
4. What application materials should international students prepare for duty-free car purchase?
1. Certificate of returned students (issued by the education office of the Chinese embassy in a foreign country before returning)
2. Graduation certificate (student) or study certificate (visiting scholar)
4. Account book
5. Id card
Note: any adjustment of the required application materials shall be subject to the relevant provisions of the state. If I can not personally present the words, also need to write a power of attorney, entrust others to handle.
The above is the overseas students’ personal experience of buying tax-free cars when they come back to China. The main content of this post is a must-read for overseas students. I hope more overseas students can see it and enjoy this preferential policy. At the same time, if you are interested in studying abroad in the United States, Europe and other countries, you are welcome to consult immigration online, we will wholeheartedly for your service.