Recently, the Ministry of Finance and the State Administration of Taxation issued a notice, decided from December 1 this year, the abolition of excise duty automobile tyre tariff. This is another good news for the tyre manufacturing industry, the city is expected to reduce annual consumption of 32 million yuan tax.

It is well known that the function of consumption tax adjustment of income distribution, promote resource conservation and environmental protection, and guide healthy consumption. Excise taxes on car tyres began in 1994, when the car has not yet entered ordinary families, are luxury consumption, and therefore consumption tax. In the 21st century, the car is "old Yan Wang Xietang ago, flying into the homes of ordinary people", the consumption tax is based on market changes and cancellations made.

Weihai tyre manufacturing developed, "Triangle" and "mountain" in the domestic market place. tyre manufacturing as a key industry in Weihai City, the cancellation automobile tyre consumption tax, will undoubtedly bring major positive for the city's tyre industry and regional economic development. According to IRS statistics, after the policy was implemented, Weihai City, is expected to reduce annual consumption of 32 million yuan tax, will inject new vitality into the development of the tyre industry in Weihai City.